China's NAFMII Introduces Bond Program with Soft Collateral to Support Private Companies

Jul 3, 2024, 07:23 AM

China has introduced a new bond program aimed at supporting private companies. The National Association of Financial Market Institutional Investors (NAFMII) launched this initiative to help private firms raise funds through corporate bond sales. The program includes the use of various types of 'soft' collateral, such as intellectual property. Four companies have already issued notes under the new scheme, and more private enterprises are expected to be included in the future.