Related News
Banks given the nod for bonds trading trial
Source: Xinhua |
January 21, 2009, Wednesday
|
Print Edition
Print Edition
CHINA'S listed commercial banks will be allowed to trade bonds on the country's exchanges for a trial period of unspecified length, ending a ban imposed in 1997, securities regulators said.
Banks will need approval from the China Banking Regulatory Commission and then will have to apply to stock exchanges for such trading, according to a Web notice posted on Monday by the China Securities Regulatory Commission.
Transactions must be on a cash basis and can involve treasury, corporate, enterprise and other approved bonds during the trial, the notice said.
Since the ban was imposed, banks have conducted bond trading through the interbank market.
According to an unidentified CSRC official, the move represents an attempt to expand the bond market and sources of financing for businesses.
The CBRC and CSRC will monitor the trading.
Banks will need approval from the China Banking Regulatory Commission and then will have to apply to stock exchanges for such trading, according to a Web notice posted on Monday by the China Securities Regulatory Commission.
Transactions must be on a cash basis and can involve treasury, corporate, enterprise and other approved bonds during the trial, the notice said.
Since the ban was imposed, banks have conducted bond trading through the interbank market.
According to an unidentified CSRC official, the move represents an attempt to expand the bond market and sources of financing for businesses.
The CBRC and CSRC will monitor the trading.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
