Chinese corporate issuers should improve information disclosure and corporate governance, says Fitch

First-time Chinese corporate issuers have been urged by Fitch Ratings to improve their post-bond deal information disclosure and make sure they pass on adequate information to international bond investors promptly.

Matt Jamieson, the head of APAC Research at Fitch Ratings, told Compliance Complete that due to a lack of experience, Chinese corporate issuers often did not understand the requirements for information disclosure to international bond investors. He said their delayed pace of information disclosure prohibited investors from being sufficiently updated on the current affairs of the companies they have invested in.

In a recent report, Fitch said some investors had expressed frustration that the level of communication from many Chinese corporate treasury teams had been extremely poor, when compared to other multinational corporates issuing bonds.

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