China's top economic planner - the National Development and Reform Commission (NDRC) supports bond market financing for key-field investment projects, reported the Xinhua-run cnstock.com.
NDRC conveyed the signal during a meeting it convened recently to innovate and expand financing channels for investment projects. As it requires, relevant parties shall adopt more market-oriented operating forms including funds to better governmental investment's role in bringing up investment and such bonds as enterprise bond, corporate bond, non-financial enterprise debt financing vehicles, and project revenue bond will be further developed to strengthen the financing channels for project investment.
In China, enterprise bond and corporate bond are different. The former refers to bonds floated by institutions under the central government as well as state-owned or controlled enterprises while the latter usually mean bond products issued by listed companies.
Non-financial enterprise debt financing vehicles are bonds popular on China's interbank bond market, including commercial paper, mid-term note, small and medium-sized enterprise pool note, super and short-term commercial paper, privately-placed note, asset-backed securities and etc.
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