Green bond sector sprouting up nationwide chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
By Addison Gong
12 Mar 2021
In this round-up, Chinese premier Li Keqiang defends Beijing’s ‘above 6%’ annual GDP growth target, China’s exports soar during the first two months of the year, and the securities regulator is reportedly planning to increase scrutiny on IPOs in Shanghai’s Star market.
The National People’s Congress approved the government’s 14th ‘five year plan’ for the 2020-2025 period on Thursday.
The plan, the draft of which was released at the end of last week, incorporates national development goals, but unlike previous years, China did not set a numeric target for GDP growth by 2025. The Chinese economy grew 2.3% last year, and the 2021 annual growth target was set at above 6% in the government work report delivered last Friday.
The week in review: February PMIs miss the mark, CSRC finalises company bond rules, NYSE begins Cnooc delisting globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
China Regulator Shakes Up Credit Ratings Rules in Wake of Confidence Blows to Investors
Chinese companies will no longer be asked by the regulator to attest to how risky the companies and some of their interbank bonds are when registering the bonds with the regulator.
China’s interbank bond market regulator is pushing for a more market-oriented approach to debt ratings following a series of high-profile defaults by highly rated state-owned companies (SOEs) that exposed how domestic credits ratings agencies soft-peddled the potential risks to investors.
Under the changes, Chinese companies will no longer be asked by the regulator to attest to how risky the companies and some of their interbank bonds are when registering the bonds with the regulator.