WSJ: CCB pulls $3 billion short-term debt sale on blockchain after scrutiny

One of China’s largest banks halted the planned debut of a digital bond on an exchange outside the country, shortly before the security was scheduled to begin trading on Nov. 13.

China Construction Bank decided not to proceed with a sale of up to $3 billion in short-term debt in Labuan, an offshore financial center in Malaysia, after the bank’s role in the deal and the way investors could trade the securities came under scrutiny in China.

Read the full article

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset Password

Create an Account