Corporate bond issuance to expand
China will continue to expand the volume of corporate bond issuance and raise the ratio of direct financing this year, the top economic planning agency said on Wednesday. The National Development and Reform Commission will also study the issuance of high-risk, high-yield bond products, it said on its website. business, according to Chairman Wang Yilin. CNPC is considering an initial public offering of the oilfield services business as part of its efforts to streamline and become more efficient, Wang said in a speech at the HIS CERAWeek conference in Houston on Tuesday. He didn’t provide details on timing or how large a stake will be spun off.