China May Roll Out Welcome Mat for Risky Bonds

The China Securities Regulatory Commission (CSRC) plans to allow private investors to trade high-yield, high-risk corporate bonds on stock exchange-related debt markets.

Rising demand for wealth management products and small-business financing played into CSRC's soon-to-be-announced decision, which Caixin learned is likely to be spelled out in an upcoming commission circular called Management Approaches for Private Corporate Debt.