Caixin
Dec 05, 2018 12:25 PM
FINANCE

China to Allow Local Governments to Issue Bonds via Bank Counters

Photo: VCG
Photo: VCG

China is expanding a pilot program to allow retail investors to buy local government bonds at bank counters, in a bid to prop up demand in the bond market.

Retail investors can currently only buy local government bonds through the Shanghai or Shenzhen bourses. Regulators last month issued a notice to broaden the number of venues at which individual and institutional investors can buy local government debt to include bank counters, but this was limited to bonds already issued.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.