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
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