World Bank to Issue SDR-Denominated Bonds in China for First Time Since 1981
August 29, 2016
The World Bank issued USD$500 million worth of 3-year SDR-denominated (Special Drawing Rights) bonds in China for the first time since 1981. Meanwhile, China tightened regulations on the Peer to Peer lending sector while China’s State Council unveiled detailed plans to substantially lower business costs within 3 years. In addition, President Xi urged government officials at all levels to consider public health a strategic development priority.
Topics Covered: World Bank, P2P Lending, Property Market, China Securities Regulatory Commission
The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.