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

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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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