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Regulator eases curbs on corporate bonds

The National Development and Reform Commission, which oversees State-backed companies' bonds, mostly local government financing vehicles' notes, said it will ease controls on corporate debt sales because economic growth has slowed. AAA-rated notes or securities, whose issuers have AAA scores, could be waived from internal review procedures and get sale approval directly from the regulator, it said. Debentures backed by guarantors with good credit or bonds rated AA+ or above with asset pledges can also get the waiver.