China should lower the entry............>

CHINA PRESS: China should lower the entry threshold for bond issuers and

encourage small and medium-sized enterprises (SMEs) to innovate in bond

financing, the Securities Times reported. The Times cited comments from Lai

Xiufu, director of the trust department of the China Banking and Insurance

Regulatory Commission, who is also a representative of the National People's

Congress (NPC) and submitted the bond reform proposals to the NPC. The proposals

suggest that regulators should be more tolerant of SMEs' net assets and debt

ratios when they apply for bond issuance, and suggest that institutional

investors should achieve a certain percentage of SME bond investment.