s
Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China encourages foreign-invested banks to underwrite local govt bonds

Xinhua | Updated: 2020-01-08 11:24
Share
Share - WeChat
Billboards of foreign and domestic financial institutions are seen on a street in Shanghai. [Photo by Yan Daming/For China Daily]

BEIJING -- Local governments will be guided to revise rules to allow foreign-invested banks to underwrite bonds issued by them as part of the country's financial market opening-up, the Ministry of Finance said.

Allowing foreign-invested banks to participate in underwriting local government bonds would help expand the issuance channel, investor base and the market's opening-up, the ministry said Monday in a statement on its website.

Foreign-invested banks include solely foreign-funded banks, Sino-foreign joint venture banks and Chinese branches of foreign banks.

Foreign-invested banks have already participated in underwriting bonds issued by the governments of Ningbo, Chongqing, Tianjin and Qingdao cities, as well as the government of Guangdong province, the ministry said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE