China Development Bank (CDB), one of China's three government-backed lenders, has been allowed to extend a zero risk weighting on bonds with no time limit by the China Banking Regulatory Commission (CBRC), reported the Xinhua-run www.cnstock.com on Thursday.
CBRC noted that the move reflected the country's credit support for the CDB. The policy is applicable to the RMB-denominated bonds and foreign currency-denominated bonds offered by the bank. CDB is the second largest bond issuer following the Ministry of Finance.
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