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First official Belt and Road domestic bond issued

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"It is just a new label under the CSRC. It does not seem to bring pricing benefit for issuers and it doesn't guarantee that the proceeds can be used offshore." - Unnamed market participant.

Hong KongĀ 

THE first official Belt and Road bond in China's domestic market has introduced a new financing instrument for the massive infrastructure initiative but offered few advantages for the issuer.

Hongshi Holding Group, a privately owned cement maker, printed the 300 million

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