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Report: China is considering banning the sale of short-term dollar bonds

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rocky
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Report: China is considering banning the sale of short-term dollar bonds

Post by rocky on Thu 28 Jun 2018, 10:39 am

Report: China is considering banning the sale of short-term dollar bonds






2018/06/28 13:08


(Encyclopedia of this Day News | Iraq News ) - Live: a press report said that the approval of foreign bonds slowed down operations in China, and the authorities are considering preventing the issuance of bonds Ataah short - term.

Sources familiar with the matter told the Bloomberg agency on Thursday that the National Development and Reform Commission was considering banning the sale of dollar bonds with a maturity of less than one year.

China's regulators are already curbing the issuance of foreign bonds to Chinese firms, she said.

The sale of bonds with a maturity period has become a common tactic among exporters in China, especially real estate workers.

China's regulator yesterday warned of the surge in overseas issuance, saying developers were only allowed to use proceeds to refinance existing debt and some companies were borrowing in disproportionate amounts.



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