China bankers fret amid investor disclosure move

Shanghai_skyline_575px_Adobe_24Apr2020
By Rebecca Feng
02 Jul 2020

Shanghai Clearing House’s plan to show issuers a full list of their investors is causing alarm among some syndicate bankers — who admit to using highly questionable bookbuilding practices to impress their clients. Rebecca Feng reports.

The institution, which clears and settles the bulk of credit bonds sold in China’s interbank market, has said it will periodically update issuers on which investors hold their bonds. That is a big step forward for a market where issuers — and even their bankers — typically do ...

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