Bond trial program set to expand

Move can help ease banks' risks

China will expand a trial program that allows the sale of bonds backed by bank loans, according to an executive meeting of the State Council presided over by Premier Li Keqiang on Wednesday.

The meeting gave the green light for the first time for high-quality securitized assets to trade on stock exchanges as a way to boost bank liquidity, though it did not elaborate on the timing and scale by which the trial will be expanded.