China's DTC, the Asia Securities Industry and Financial Markets Association and the Securities Industry and Financial Markets Association issued a press release this week announcing plans to cooperate in the development of a bond market in China. The ASIFMA and SIFMA will assist China's DTC in developing and implementing international best practices regarding transparency and settlement.
The development of a strong and liquid Chinese bond market will provide issuers with additional capital-raising opportunities and will provide investors with additional investment opportunities.
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