BEIJING (Reuters) – China’s securities regulator on Friday released draft rules on deepening a registration-based system for bond sales, in a reform that streamlines the process for companies to raise funds via debt issuance, according to a statement.
The China Securities Regulatory Commission also said in the draft that it would support reasonable bond financing needs for property firms, as part of regulators’ efforts to address the liquidity crisis faced by developers.
(Reporting by Beijing Newsroom and Shanghai Newsroom; Editing by Mark Potter)