Statistics show that listed companies plan to issue more than 30 billion yuan (US 3.99 billion) corporate bonds, which permitted by the China Securities Regulatory Commission (CSRC) on August 14, the Shanghai Securities News reported today.

China Yangtze Power is likely the first company to launch the corporate bonds, which owns and operates the power plant of the 160-billion-yuan Three Gorges Dam Project.

Corporate bonds are more attractive to listed companies especially in industries, electric power and real estate sectors, because it is a better way to raise money due to lower finance costs.

Guangdong Electirc Power Development Co Ltd ,Huaneng Power International Inc, Vanke Co Ltd and Gemdale Corp have announced corporate bond issuance plans.