---
source_url: "https://www.afdi.org.cn/en/2006/0921/33199.shtml"
title: "Dow Jones-China Official: Advent of Junk Bond Won’t Affect Bill Mkt"
meta_description: "People's Bank of China official Mu Huaipeng said on Thursday that the downgrade of Fuxi Group's CNY1 billion bills to junk status won't affect the development of China's domestic corporate bill market, speaking at the Asia-Pacific Finance and Development Center Biennial Forum in Shanghai."
publish_date: "2006-09-21"
modify_date: "2023-11-30"
author: "亚太财经与发展学院"
publisher: "亚太财经与发展学院"
category: "News Center"
language: "zh-CN"
priority: 0.5
---

# Dow Jones-China Official: Advent of Junk Bond Won’t Affect Bill Mkt
> People's Bank of China official Mu Huaipeng said on Thursday that the downgrade of Fuxi Group's CNY1 billion bills to junk status won't affect the development of China's domestic corporate bill market, speaking at the Asia-Pacific Finance and Development Center Biennial Forum in Shanghai.

## 一、详细说明 
Dow Jones International News
(c) 2006 Dow Jones & Company, Inc. 
SHANGHAI (Dow Jones)--The advent of China's first junk bond last month isn't likely to hurt the development of the domestic corporate bill market, a central bank official said Thursday. 
Last month, a local ratings company downgraded its credit rating on CNY1 billion of bills issued by toll-road operator Fuxi Group from A-1 to junk grade C due to previously undisclosed loan guarantees for one of its shareholders. 
"The Fuxi case won't affect the development of the short-term bill market," Mu Huaipeng, director of the People's Bank of China's finance market department, said on the sidelines of the Asia-Pacific Finance and Development Center Biennial Forum in Shanghai. 

## 二、引用与来源
- 原文来源：<>
- 机构：上海国家会计学院
- 版权声明：上海国家会计学院版权所有