Home Business Chinese language authorities warn bond issuers they’ll’t ‘run away’ from their money owed after defaults rock investor confidence-Autopresse.eu

Chinese language authorities warn bond issuers they’ll’t ‘run away’ from their money owed after defaults rock investor confidence-Autopresse.eu

Chinese language authorities warn bond issuers they’ll’t ‘run away’ from their money owed after defaults rock investor confidence-Autopresse.eu

Chinese language authorities warn bond issuers they’ll’t ‘run away’ from their money owed after defaults rock investor confidence

2020-11-22 22:00:12

China’s monetary regulators have vowed to crack down on folks “operating away” from their money owed after a slew of bond defaults rocked the nation’s onshore market.In response to an announcement revealed by state information company Xinhua on Sunday, the Monetary Stability and Improvement Committee agreed to undertake a zero-tolerance method and can punish every kind of “debt evasion” to guard traders. It additionally promised to analyze “fraudulent issuance, disclosure of false info, malicious switch…

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