News Snapshot:
One of China’s big three policy banks has led a bond issue to support the recovery of the Shanghai economy, as the city eases the Covid-19 lockdowns first instituted at the start of April. Export-Import Bank of China (Exim Bank) recently issued 5 billion yuan in financial bonds on China’s interbank bond market to support the resumption of work and production by businesses in Shanghai. The bonds have a term of one year and an issue rate of 1.79%, which is 16 basis points lower than the market interest rate for the same period. According to regulators the issue was...
