USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

Chinese regulator warns against unregistered offshore corporate debt

Xinhua | Updated: 2017-06-14 09:22

BEIJING - China's top economic planner Tuesday issued a risk warning as some Chinese companies have issued offshore corporate debt without filing registrations to the government.

The companies on the National Development and Reform Commission (NDRC) warning list included China Water Affairs Group and Mengniu Dairy, one of the country's dairy giants.

The NDRC said companies who seek to issue offshore corporate bonds should strictly follow government rules and complete registration before the issuance or file reports afterwards.

The NDRC urged companies to complete the registration process as soon as possible.

Chinese authorities have tightened financial regulations nationwide in recent months to ward off systemic risks in the sector and guarantee long-term growth.

Most Viewed in 24 Hours
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