Date
23 October 2017

Preview power on corporate debt goes to local govts, report says

The National Development and Reform Commission (NDRC) has delegated to provincial authorities the preview power on corporate debt issuances, in a move aimed at making the approval process more efficient, financial information provider AAStocks reported Thursday, citing an unnamed source. From Thursday, the NDRC will not handle corporate debt unless the proposals have passed the preview of local regulators, it said. Debt issuers are also required to submit self-check reports, it said.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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