Retail debt trading to start in June
1 June 2002
Over-the-counter retail debt trading is to be launched with a pilot scheme at some 400 outlets of the major state-owned banks in Beijing in June, China Securities Journal said. Debt trading for retail investors, a long expected move to shore up the debt market and reduce bank risks, is intended to create a liquid debt market to facilitate its expansionary fiscal policy. At present retail investors can only trade government bonds on the stock exchange.