Nod for securities sales
Source: Bloomberg News |
August 8, 2012, Wednesday
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Print Edition
Print Edition
CHINA gave three local government financing vehicles approval to sell asset-backed securities, the regulator of the country's interbank bond market said yesterday.
Shanghai Pudong Road and Bridge Construction Co, Ningbo Urban Construction Investment Holding Co and Nanjing Public Holdings Group Co registered to sell the securities yesterday, according to notices on the website of the National Association of Financial Market Institutional Investors. The companies must sell the first batches of the debt within six months of their registration, the regulator said.
Shanghai Pudong Road and Bridge Construction Co, Ningbo Urban Construction Investment Holding Co and Nanjing Public Holdings Group Co registered to sell the securities yesterday, according to notices on the website of the National Association of Financial Market Institutional Investors. The companies must sell the first batches of the debt within six months of their registration, the regulator said.
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