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MNI BRIEF: China Tech Overseas Debt, Open Bond Market-SAFE

MNI (Singapore)

China will make it easier for its small high-tech companies to borrow overseas and further open up its bond market to foreign investors, said Wang Chunying, deputy head and spokesperson of the State Administration of Foreign Exchange at a briefing on Thursday.

China’s foreign debt remains stable in both scale and structure with its total outstanding amount 15% of GDP, falling from 17% in 2014, she said, noting the expansion of foreign debt is in line with economic growth and lower than international red line.

The regulator has opened more avenues for derivatives trade and reduced fees to help companies prevent risks from foreign exchange volatility, Wang said. She added that the detailed measures will soon be unveiled on rules for foreign players to invest in domestic bonds market.

Policy NewsHomepageBond Market NewsFiscalGovernment sectorAPACChinaPBOCCommodities Market NewsBriefPolitical RiskStoryPolicy StoryRegionCentral Bank News
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Policy NewsHomepageBond Market NewsFiscalGovernment sectorAPACChinaPBOCCommodities Market NewsBriefPolitical RiskStoryPolicy StoryRegionCentral Bank News
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