Private-sector bonds get fillip

NDRC's nod for BYD's 6 billion yuan bond heralds ease of financing for quality firms

China's top economic planner's recent measures will make bond markets more supportive of private enterprises' efforts to raise funds through corporate bonds, analysts said.

On Nov 15, the National Development and Reform Commission released a slew of policies aimed at easing private enterprises' woes in raising finance through bonds. One of the headline measures was to support qualified private enterprises in issuing high-quality corporate bonds.