Chinese regulators are considering promoting the development of the domestic high-yield bond market to expand financing channels for the economy, at a time when riskier borrowers are struggling to raise money.
Officials from government agencies including People’s Bank of China and China Securities Regulatory Commission invited market participants including fixed-income investors, investment bankers, lawyers, rating firms and accountants to multiple rounds of in-person meetings in recent months to seek their suggestions on the topic, people familiar with the matter said. The PBOC and the CSRC didn’t immediately respond to requests seeking comment.
The goal is to help the credit market ...
