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China bulls set to get more ways to bet on surging stocks

Shanghai

CHINA bulls are set to get more tools to bet on equity gains as the nation's top underwriter of convertible bonds forecasts more sales.

China International Capital Corp, which has arranged US$7.7 billion of convertible notes onshore and offshore in the past seven years, said issuance may at least double in 2017.

While China's stock regulator last month put restrictions on additional share sales by companies to crack down on excessive fundraising, there was no curb on offerings of convertible...

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