Tighter oversight of country's bond market to get underway
By SHI JING in Shanghai and CHEN JIA in Beijing |
China Daily |
Updated: 2020-12-26 08:55
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An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily]
Some basic rules, regulations have not properly addressed financial segment
More stringent regulations will be adopted to avoid major risks in the bond market, said central regulators.
Pan Gongsheng, deputy governor of the People's Bank of China-the central bank-said during a recent meeting that more efforts will be made to perfect the legal system of the country's bond market. The level of the rule of law will be further elevated, with "zero tolerance" for illegal acts.