China to allow the issuance of "Belt & Road" bonds via exchanges

SHANGHAI, March 2 (Reuters) - China's securities regulator said on Friday domestic and overseas companies would be allowed to issue bonds via the Shanghai and Shenzhen stock exchanges to fund the "Belt and Road" initiative.

The China Securities Regulatory Commission said government-backed institutions in countries along the "Belt & Road" can also issue such bonds in China.

(Reporting by Samuel Shen and John Ruwitch; Editing by Nick Macfie)