China allows auto finance firms to issue bonds

Newswire

BEIJING, Aug 31 (Reuters) - China will allow car financing companies and financial leasing firms to issue bonds to boost the development of the local fixed-income market, the People's Bank of China (PBOC) said on Monday. In a new regulation published on its website, the central bank said automobile financing firms can apply to issue bonds if they have at least 800 million yuan in registered capital. For financial leasing firms the capital threshold is 500 million yuan. Issuers must ...

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