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China banks may be forced to sell bond holdings
April 27, 2012
New regulation that caps the percentage that banks can hold in bonds they have underwritten may force a sell-off in the market, and lead banks to rethink their approach to their underwriting business.
Mainland banks may soon be forced to jettison their investments in the corporate bonds where they have been the underwriter following a new regulation that puts a cap on the amount that they can hold.
The China Banking Regulatory Commission...
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