China to launch OTC debt trading this year - paper

China will launch a trial of over-the-counter (OTC) debt trading at state banks in the second half of 2001, a senior central bank official was quoted on Feb 27 as saying. "Approved by the State Council, China will open OTC debt trading to vigorously promote tradeable bonds," the China Securities newspaper quoted Lu Shiyun, deputy director of the central bank's monetary policy department, as saying.

China's state banks - Bank of China, China Construction Bank, Industrial and Commercial Bank of