Taiwan expects sales of yuan-denominated bonds to top 10 billion yuan (US$1.65 billion) this year, in addition to 12 billion yuan worth of such securities issued so far, United Daily News reported Wednesday, citing Tseng Ming-chung, chairman of the Financial Supervisory Commission. A 10 billion yuan quota for mainland companies to issue the so-called baodao bonds in the island may be adjusted, Tseng was quoted as saying. He said Taiwanese firms operating in the mainland are keen to sell baodao bonds. Meanwhile, a secondary market will be created for general individual investors, the report said.
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