China reiterates push for local firms to expand overseas

China is also supporting key private owned companies to issue dim sum bond or foreign currencies bond in the offshore market.

OCBC Treasury Research noted:

China’s economic planning agency National Development and Reform Commission reiterated yesterday that China is encouraging private owned firms to expand overseas and will support key private owned companies to issue dim sum bond or foreign currencies bond in the offshore market. Meanwhile China will also provide tax relief to those firms.

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