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The issuance of enterprise bonds have...>

CHINA PRESS
CHINA PRESS: The issuance of enterprise bonds have supported infrastructure
projects and key strategic sectors effectively, the Securities Daily reported
Friday, citing an official with National Development and Reform Commission
(NDRC). In the past five years, the NDRC approved issuance of 2,206 enterprise
bonds totaling CNY3.26 trillion. Since the minimum credit rating requirement for
enterprise bonds is high, issuers are mainly state-owned enterprises, local
government funding vehicles and big companies, the report noted, so the public
service sector benefits from issuance of the bonds, the report said. The NDRC
will further strengthen regulation of fund-raising via bond issuance and
strictly ban local governments from providing guarantee and fiscal subsidies to
relevant enterprises. (Securities Daily)

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