May 13, 2009 (China Knowledge) - Shanghai will introduce a pilot program to allow overseas banks incorporated in the city to issue RMB bonds, according to a guideline issued by the local government on Monday.
So far, several foreign lenders have shown interest in RMB-denominated bond issuance, said Ling Tao, a senior official at the Shanghai headquarters of the People's Bank of China (PBOC), with
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