June 15, 2018 / 6:42 AM / 6 months ago

China to ban foreign debt issues by third-time rule violators: state planner

BEIJING (Reuters) - China’s powerful state planner will ban firms from registering foreign debt issues if they are found to have violated the relevant rules three times, it said on Friday.

A first violation will bring a call from the state planner, the National Development and Reform Commission (NDRC), and a second will result in a firm being named on its website, it added.

Last month, the agency imposed tighter curbs on companies which looking overseas to raise relatively low-cost funds, in an effort to rein in financing risks.

Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below