Chinese regulator warns against unregistered offshore corporate debt

Updated 2017-06-14 08:48:35 Xinhua

China's top economic planner Tuesday issued a risk warning as some Chinese companies have issued offshore corporate debt without filing registrations to the government.

The companies on the National Development and Reform Commission (NDRC) warning list included China Water Affairs Group and Mengniu Dairy, one of the country's dairy giants.

The NDRC said companies who seek to issue offshore corporate bonds should strictly follow government rules and complete registration before the issuance or file reports afterwards.

The NDRC urged companies to complete the registration process as soon as possible.

Chinese authorities have tightened financial regulations nationwide in recent months to ward off systemic risks in the sector and guarantee long-term growth.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 19 2018 13:02:58

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 19 2018 13:02:58

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 19 2018 13:02:58

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords