NDRC Relaxes Ministry of Railways' Bond Issuance Quota
(Beijing) – The State Council has approved a National Development and Reform Commission (NDRC) proposal to expand the Ministry of Railway's bond issuance limitation for this year to no more than its net assets.
A source at the NDRC said the State Council, China's cabinet, approved the proposal.
Under the Securities Law, the ministry has previously issued bonds as a corporation and the total amount has not exceeded 40 percent of its net assets. However, the NDRC's proposal also allows it to act as a non-corporate entity, the source said.
- In Thursday's Papers: Dongguan Sees Slower Growth after Sex Trade Crackdown, Another China Resources Executive Investigated for Graft
- The 'Ifs' that Could Prevent Tragedies in Regulators' Offices
- Tencent's Deal for SK Entertainment Firm Has Star Potential, Investor Says
- Slashing Sand
- All (European) Politics Is National
- Northwestern Chinese City Counts Cost of Major Water Pollution Scandal
- Privilege Gap
- In Wednesday's Papers: Shenzhen Police Raid Offices of Video Streaming Firm, Gov'ts Made 4.2 Tln Yuan on Land Sales in 2013
- Does U.S. electric car maker Tesla Motors have a bright future in China?
- Budget Law Revision Proposes Letting Local Gov'ts Issue Bonds
- Sign up to receive our free daily newsletter
- The Long Goodbye
- Officials in Shanxi Scramble to Sort out Steelmaker's Debt Mess
- How Telecom Graft in China Tripped Up Telstra
- Shiller: What We Can Learn from Past Crises
- Jack Ma's 6.5 Bln Yuan Bachelor Party
- Stephen Roach: China, U.S. Headed in Opposite Directions
- Detective Work by Group in 'Black Jail' Claim Leads to Trial
- Graft Inquiry at CNPC Uncovers Shady Deal Involving Productive Oil Block
- The Search for the Chinese Workers Who Helped Build America
- P2P Lenders Heading into Dangerous Waters, Critics Say