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China releases draft rules on corporate bond default disposal as onshore defaults hit new record high


Chinese regulators release draft rules on corporate bond default disposal, to strengthen risk management as defaults in the onshore market this year has hit a new record high.

China will diversify market-based default disposal methods and strengthen punishment for malicious acts for missed repayments on corporate bonds, according to a statement released by regulators including People's Bank of China (PBOC), the China Securities Regulatory Commission (CSRC) and the National Development and Reform Committee (NDRC) on . . .

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