Banker’s gambit: The PBOC steals a march
HOME > PAST ISSUE > COVER STORY [Premium content]December 2007
The introduction of commercial paper to China’s capital markets two years ago caused quite a stir among corporations looking for new ways to raise funds. Suddenly here was a one-year debt instrument that could be issued without any of the administrative hassles that were keeping corporate bonds in the doldrums.
Last year there were 242 commercial paper issues which raised a total of US$39.3 billion. By comparison, corporate bonds – of which there were 49 issues – ...
Last year there were 242 commercial paper issues which raised a total of US$39.3 billion. By comparison, corporate bonds – of which there were 49 issues – ...
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