China's recent government CNY20 billion or USD3.3 billion bond sale recorded a 5.3% yield, which was the highest obtained by the mainland since selling debt since 2009.
Third Plenum
Breaking News
Top leaders of the Chinese government released its plans to make major reforms in the economy and social systems, and vowed that such reforms would make decisive results by 2020.
Amid the run up to the Third Plenum, many market investors who have waited for the policy direction from the Chinese government had made them either hopeful or disappointed with the communique released by President Xi Jinping.
The Third Plenum reiterated the central role of state-owned enterprises as well as the the large role markets play in the future of the Chinese economy.
In a recent statement, the State-owned Assets Supervision and Administration Commission or SASAC had welcomed the move to allow the private sector to purchase interests in state owned or controlled corporations.
Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.
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