China to allow shareholders to issue exchangeable bonds

09/8/2008 | People's Daily (China)

The China Securities Regulatory Commission is soliciting public comments on a plan to allow shareholders of listed firms to issue exchangeable bonds. The move aims to reduce oversupply in the market. Exchangeable bonds would give shareholders another funding channel and could ease the effects of heavy selling, a CSRC official said.

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People's Daily (China)

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