Free Trial

New Debt Financing Tools For Upgrade Scheme Underway

CHINA PRESS

Authorities are implementing new debt financing tools, including customized green bonds, designed to support the large-scale equipment renewal and consumer goods trade-in projects across China, Securities Daily has reported. Zhang Xinyuan, head of research at Co-Found Think Tank said the new tools can reduce financing costs, help enterprises update equipment, and provide more investment opportunities. China Construction Bank recently participated in underwriting four medium-term notes with a total issuance of CNY5.6 billion, which will be partly used by China Southern Power Grid on power grid improvement projects, the paper said.

MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.