Reporters' Log

Shanghai bourse prepares to let listed banks trade bonds

By Bi Xiaoning and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-07 17:54

Shanghai Stock Exchange is preparing to introduce the listed commercial banks to trade bonds on the exchange, a senior exchange official said Saturday.

The exchange is now revising its current bonds trading rules to respond to the changes, said Geng Liang, chairman of Shanghai Stock Exchange.

The Shanghai bourse is visiting the 14 listed commercial banks to educate them about the exchange's bonds trading rules, Geng said.

The State Council, or the Cabinet, announced last December that it would permit listed banks to buy and sell bonds issued on stock exchanges on a pilot basis, ending a ban imposed in 1997.

Banks will need approval from the China Banking Regulatory Commission and then must apply to stock exchanges for such trading.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more