The Chinese central government has released a list of “sensitive industries” that will subject to curb on outbound foreign investment starting in March.
China’s National Development and Reform Commission has revealed that it has green lighted the issuance of 220 billion yuan (approx. USD$33 billion) in corporate special bonds (企业专项债券) since the launch of the new securities in 2015.
China’s National Development and Reform Commission (NDRC) has indicated that the central government will focus on the deleveraging of state-owned enterprises in the second half of 2017, in tandem with an increased use of market-based debt-equity swaps to reduce leverage ratios.
The National Development and Reform Commission said that it’s roughly half way towards meeting its overcapacity removal targets for the Chinese steel and coal sector in 2017.