Press "Enter" to skip to content

China to build trading market for defaulted bonds, said deputy PBOC governor

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

Chinese central bank is developing a trading market for defaulted bonds and exploring introduction of market-based bond default disposal methods following a wave of bond defaults last year, according to Pan Gongsheng, a deputy governor of the People’s Bank of China (PBOC) in charge of financial markets.

According to Pan, the PBOC is working with relevant government agencies and the supreme court to study the legal issues surrounding bond defaults and will will strengthen the supervision of issuers . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top