Cor­po­rate bond is­suance to ex­pand

China Daily (Canada) - - BUSINESS -

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.

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