trending Market Intelligence /marketintelligence/en/news-insights/trending/Af4Sku7IPWOnIR0ntl5lQg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Report: Chinese regulators put cap on private bond sales

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks


Report: Chinese regulators put cap on private bond sales

China's securities regulators put a cap on private bond issuance as they seek to curb credit risks at weaker companies, Bloomberg News reported, citing people familiar with the matter.

The China Securities Regulatory Commission and the Shanghai and Shenzhen stock exchanges instructed some brokerages to keep the outstanding value of privately sold corporate bonds on exchanges at or below 40% of issuers' net assets. The cap will be effective for new bond sale applications received after Sept. 19, the sources told Bloomberg.

New bond sales exceeding the ratio will only be used to repay old debt, the Oct. 15 report added. The move is part of China's efforts to curb rising defaults in the private placement market by limiting the financing option for lower-rated firms and local government financing vehicles.