China tackles default concerns with new guidelines

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By Addison Gong
02 Jul 2020

Chinese policy makers have finalised rules on how to deal with corporate bond defaults, with the regulation to go into effect next month.

The People’s Bank of China (PBoC), together with the National Development and Reform Commission (NDRC) and China Securities Regulatory Commission (CSRC), published the 26-point notice on Wednesday.

The rules will become effective from August 15.

The announcement came as issuers defaulted on 65 domestic bonds worth ...

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