China says to ease corporate bond issuance rules to boost economy
[SHANGHAI] China's top economic planner said on Wednesday that it would ease restrictions on corporate bond issues to encourage "high-quality" companies to issue more bonds to support the economy.
Companies can now raise as much as 70 per cent of a project's funding need, the National Deverlopment and Reform Commission (NDRC) said in a statement published in its website www.ndrc.gov.cn.
Previously, the limit for most projects was 60 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons