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China eases restrictions on non-financial corporate debt instruments
BEIJING,Aug.15(Xinhua)--The People\'s Bank of China has decided to test removing the credit rating requirements for the issuance of non-financial corporate debt instruments.
The move was made to further motivate market entities to use external ratings and drive the market-oriented reform of the credit rating sector.
During the test period,the issuance of non-financial corporate debt instruments will no longer be subject to Article 9 of the Administrative Measures for Debt Financing Instruments of Non-Financial Enterprises in the Interbank Bond Market,the bank said.
However,the issuance of other corporate debt instruments will continue to be subject to administrative measures,it said.
Source：Xinhua
Release Time：2021-08-16 09:59:52
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