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China is likely to reopen the...........>

CHINA PRESS
CHINA PRESS: China is likely to reopen the dollar-denominated sovereign bonds
issued in Hong Kong on Oct. 26 considering the large market demand for the
initial 5-year and 10-year issues, Caixin reported Saturday, citing a source
familiar with the information. China issued these non-rated bonds at a tricky
time after some international rating agencies had downgraded China's sovereign
rating, Caixin noted. The successful issuance, despite not having a rating, will
encourage other domestic bond issuers, mainly state-owned companies and local
governments, to issue non-rated bonds. The issuance sent a signal to the market
that "this [issuing non-rated bonds] is correct in political aspect", the source
said. (Caixin)
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