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China Securities Regulator To Resolve Bond Default Risks

CSRC said it would properly resolve bond default risks and crack down on “fake financial exchanges” after a meeting to discuss orders from last week’s Central Economic Work Conference


A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission in Beijing, on July 9, 2021. Photo: Tingshu Wang, Reuters.

 

China’s securities regulator on Monday said it would properly resolve bond default risks and crack down on “fake financial exchanges” after holding a meeting to discuss instructions from last week’s Central Economic Work Conference.

In a statement, the China Securities Regulatory Commission also said it would deepen the reform and opening up of the capital market and speed up improvement of the regulatory system for overseas listings of Chinese companies.

 

• Reuters

 

ALSO SEE:

China SOEs Push Corporate Bond Defaults to a Record High

 

Threat of surge in real estate bonds defaults has China worried

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

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