China supports central SOEs to issue tech innovation bonds
FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo/File Photo
SHANGHAI : China's securities regulator on Friday it will support bond issuance by central state-owned enterprises (SOEs) to fund tech innovation.
The China Securities Regulatory Commission said in a notice that banks, social security fund and other long-term investors are encouraged to invest in tech innovation bonds issued by SOEs controlled by the central government.
The statement was jointly issued with China's state assets regulator.
Source: Reuters
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