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10 brokerages win approval to underwrite bond sales
Source: Bloomberg News |
November 30, 2012, Friday
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Print Edition
Print Edition
HAITONG Securities Co, Everbright Securities Co and China Merchants Securities Co were among 10 brokerages that won approval to underwrite bond sales on the interbank market as China seeks to expand debt financing.
Guotai Junan Securities Co, China Securities Co, GF Securities Co, Huatai Securities Co, Orient Securities Co, China Galaxy Securities Co and Guosen Securities Co were the other brokers that won approval, the National Association of Financial Market Institutional Investors, the agency controlled by the central bank that regulates the interbank bond market, has said.
The approvals give greater access to a market Credit Suisse Group SA says accounts for 90 percent of debt sales and 99 percent of transactions in China.
Guotai Junan Securities Co, China Securities Co, GF Securities Co, Huatai Securities Co, Orient Securities Co, China Galaxy Securities Co and Guosen Securities Co were the other brokers that won approval, the National Association of Financial Market Institutional Investors, the agency controlled by the central bank that regulates the interbank bond market, has said.
The approvals give greater access to a market Credit Suisse Group SA says accounts for 90 percent of debt sales and 99 percent of transactions in China.
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