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China Law Insight

Tag Archives: BOND

King & Wood Mallesons advises Xinhu Zhongbao on China’s first and largest high yield bond issuance since January 2013

Posted in Uncategorized

By King & Wood Mallesons

King & Wood Mallesons (KWM) has advised  Xinhu (BVI) Holding Company Limited as its US and PRC counsel on its US$700 million 6.00% guaranteed senior notes issuance due 2020, which is guaranteed by Xinhu Zhongbao Co., Ltd (Xinhu Zhongbao). The transaction marks the largest initial issuance of a high yield bond by a PRC company since January 2013, according to the Bloomberg database.… More…/更多

Qualified foreign institutional investors investing in China’s Inter-bank Bond Market are no longer subject to approval and quota restrictions

Posted in Finance

By Stanley Zhou Minny Siu Janet Gu King & Wood Mallesons

China’s bond market is the world’s third largest bond market in the world in terms of trading volume. China has two main bond markets: the inter-bank bond market (“Inter-bank Bond Market”), which is primarily regulated by the People’s Bank of China (“PBOC”) and an exchange-based bond market (“Exchange Bond Market”), which is primarily regulated by the China Securities Regulatory Commission. The Inter-bank Bond Market accounts for almost 95% of the total trading volume in China’s bond market. This regula… More…/更多