“We need to shift the focus to improve the quality and returns of economic growth, to promote sustained and healthy economic development, and to pursue genuine rather than inflated GDP growth and achieve high-quality, efficient, and sustainable development,” wrote president Xi Jinping, in an article for Qiushi, a government journal, eight years into his tenure.
Following these words, the Chinese government has displayed efforts to introduce various financial reforms considered vital in order to achieve sustainable economic growth. But analysts suggest that China’s debt capital markets in particular, require further prompt and rigorous overhaul.
Last month, the market established the National Administration of Financial Regulation NAFR as...
