The Shenzhen Stock Exchange has finished setting up an on-line trading system for corporate bonds, and the first bond issuance will start soon, the Xinhua-run Shanghai Securities News reported Thursday.

 

The Shenzhen bourse said any investors holding A-share (Renminbi-dominated) account registered in the Shenzhen Stock Exchange can buy the corporate bond through the trading intranet, similar to their ordinary stock deals.

 

The Shandong Luneng Group, a large energy corporation based in eastern China's Shandong Province, will be the first to issue bonds through the newly-established network, the newspaper said.

 

The Shandong Luneng Group will issue bonds worth 1 billion yuan (US$125 million), 200 million yuan of which will be sold to ordinary investors through the intranet.

 

(Xinhua News Agency July 21, 2006)