USEUROPEAFRICAASIA 中文双语Français
Home / Image Holiday

NDRC starts crackdown on debt issuance

By Wang Yanfei | China Daily | Updated: 2018-02-14 07:43

The nation's top economic regulator this week further tightened regulation for debt issuance as regulatory authorities pledged to prevent further accumulation of hidden debt by local governments.

Firms planning to issue debts should accurately disclose information and support investors identifying risks, and they are not allowed to receive implicit support in any form from local governments, according to a guideline issued on Monday by the National Development and Reform Commission.

The guideline said companies should draw a clear distinction between their own credit and that of local government.

NDRC starts crackdown on debt issuance

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
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