Beijing urged to reform debt market

As mainland companies face growing difficulty getting credit from domestic banks or raising capital on the stock market, they are left to securing funds through large, long-term bond issues, says a top banker.

Under such circumstances, the central government should focus more on reform and development of the domestic bond market that cash-hungry Chinese companies could turn to for raising more capital, said economist turned banker Frank Gong.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1220196/beijing-urged-reform-debt-market