China is steering municipal borrowers away from issuing short-term bonds in the domestic market, according to people familiar with the matter, in its latest bid to curb fundraising by weaker issuers.
China is steering municipal borrowers away from issuing short-term bonds in the domestic market, according to people familiar with the matter, in its latest bid to curb fundraising by weaker issuers.
Pudong's Lujiazui Financial District in Shanghai. Photographer: Qilai Shen/Bloomberg
Chinese asset managers are reviewing their bond holdings to identify issuers at risk of rating downgrades after regulators stepped up efforts to curb the over-concentration of AAA ratings, according to people familiar with the matter.
Chinese asset managers are reviewing their bond holdings to identify issuers at risk of rating downgrades after regulators stepped up efforts to curb the over-concentration of AAA ratings, according to people familiar with the matter.
China urged domestic rating firms to curb the concentration of top-tier AAA ratings in the country’s bond market, taking its most concrete step yet to better assess credit risks after years of record defaults.
China urged domestic rating firms to curb the concentration of top-tier AAA ratings in the country’s bond market, taking its most concrete step yet to better assess credit risks after years of record defaults.
China is allowing some banks to offer higher interest rates on corporate US dollar deposits, according to people familiar with the matter, a move that may damp the yuan’s recent gains by encouraging companies to slow their currency conversion.
China is allowing some banks to offer higher interest rates on corporate US dollar deposits, according to people familiar with the matter, a move that may damp the yuan’s recent gains by encouraging companies to slow their currency conversion.
China’s major credit‑rating firms are set to meet next week to discuss quality issues at the urging of regulators, according to people familiar with the matter.
China’s major credit‑rating firms are set to meet next week to discuss quality issues at the urging of regulators, according to people familiar with the matter.
China’s interbank bond market regulator is pushing for an increase in the issuance of floating-rate notes to help manage risks from potential interest-rate volatility.
China’s interbank bond market regulator is pushing for an increase in the issuance of floating-rate notes to help manage risks from potential interest-rate volatility.
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