NDRC


China state planner orders probes into NEV projects

China state planner orders probes into NEV projects

(ATF) While a surge in Tesla stocks has driven extraordinary volumes in US-listed shares of Chinese electric vehicle makers Nio, XPeng and Li Auto, China’s state planner has told local governments to investigate new energy vehicle (NEV) projects linked to property developers Evergrande Group and Shenzhen Baoneng.The National Development and …

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Wave of new China bonds cancelled as defaults trigger market panic

Wave of China bond issues cancelled as defaults trigger market panic

(ATF) A rolling thunderstorm of bond defaults has triggered a wave of bond cancellations, as a tumultuous market has begun to question everything from regulations to the credibility of rating agencies.The crisis began with defaults by big name state-owned enterprises (SOEs) such as Yongmei Holdings, Tianqi Lithium, Baoshang Bank, Brilliance …

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China to allow Shenzhen officials to issue yuan bonds abroad

China to allow Shenzhen officials to issue yuan bonds abroad

(ATF) China’s National Development and Reform Commission (NDRC) has announced a list of pilot reforms it will test in Shenzhen, including being allowed to issue offshore bonds.The seven items on ‘the List’ relate to opening up the Shenzhen development zone, which is close to Hong Kong. They include authorising local …

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