Taiwan allows Chinese issuers in offshore RMB bond market
The Taiwanese Financial Services Commission (FSC) on Wednesday released guidelines allowing mainland Chinese issuers to issue offshore RMB bonds (referred to in Taiwan as Bao Dao bonds) in Taiwan.
The FSC allowed state-owned Chinese banks, national policy banks and commercial banks and their overseas subsidiaries to issue Bao Dao debt in Taiwan with immediate effect. The first batch of 20 qualified financial institutions is all set to issue the bonds, up to a ceiling of 10 billion yuan ($1.64
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