Chinese Regulator Promotes Floating-Rate Bonds to Manage Risks

China’s interbank bond market regulator is pushing for an increase in the issuance of floating-rate notes to help manage risks from potential interest-rate volatility.

The National Association of Financial Market Institutional Investors called on underwriters and other market participants to promote issuance, investment and trading of floating-rate bonds, according to a statement on its website on Tuesday. Nafmii, as it is commonly known, oversees bond sales in the country’s major credit market.