Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
An offering of convertible bonds from Shanghai Electric Group last week, while welcome, will do little to halt the contraction of China’s equity-linked market as rising A-share prices trigger buyback covenants.
Chinese brokers are pushing ahead with big funding plans even as their lucrative margin-financing businesses come under fire and a months-long A-share rally shows signs of strain.
China is increasing the scope of issuance bodies and simplifying approval procedures to speed up the development of its corporate bond market, according to new rules from the regulator.