SHANGHAI (Reuters) – China will launch market-making business on its exchange bond market from Feb. 6 to improve the market’s functions, China’s securities regulator said on Friday.
The move can reduce bond issuance costs and improve bond pricing efficiency, the China Securities Regulatory Commission said in a statement.
The Shanghai Stock Exchange said in a separate statement that the first batch of market makers include Essence Securities, Orient Securities and ten other brokerage firms.
(Reporting by Shanghai Newsroom)
