Beijing Stock Exchange launches corporate bond trading in milestone for US$21 trillion debt market

The Beijing Stock Exchange has kicked off trading of corporate bonds, giving a boost to China’s 150 trillion yuan (US$21 trillion) debt market, as the mainland’s newest bourse expands its array of products beyond equities.Three bonds, issued by state-backed investment companies, debuted on Monday, a milestone for the two-year-old exchange that hosts 241 companies, mostly innovative start-ups, with a combined market capitalisation of 382.9 billion yuan.The Beijing exchange, a minnow compared..