China’s financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting claims of market intervention.
Chinese authorities in recent weeks halted a long, frenzied rally in the world’s second-largest bond market and squelched trading volume with repeated warnings about the risks of reckless buying.
Early this month a financial market association under the People’s Bank of China, the central bank, said it would investigate four rural commercial banks over suspected manipulation in the treasuries market.
Source: REUTER
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