China turns divided bond markets into ‘one-stop shop’

China turns divided bond markets into 'one-stop shop'

(ATF) Officials from the central bank and securities regulators have agreed to reshape the financial infrastructure for China’s bond market, by creating ‘one point of access’ for qualified investors. The People's Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC) issued a statement that said interconnection to the ...

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The role of bonds in a crisis

The role of bonds in a crisis

(ATF) The economic repercussions of the Covid-19 pandemic have brought significant volatility in the past few months, with investors looking to their bond exposures to cushion some of the blow in times of equity decline. In March, however, the value of fixed income securities and funds fell across a wide ...

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China bond policy wonks lay all their cards on the table

China bond policy wonks lay all their cards on the table

(ATF) Recently, experts from ChinaBond Research and Development Centre – part of the China Central Depository & Clearing Co – were involved in an online seminar with many other top policy makers. They explained that when it comes to interest rate marketisation reform, China needs to further connect the bond ...

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China regulators, courts hit more for illegal bond dealings

China regulators, courts hit more for illegal bond dealings

(ATF) In recent years, the Chinese bond market has developed rapidly and now has a market size of 105 trillion yuan ($15 trillion), with corporate credit bonds of 25 trillion yuan, both the second biggest in the world. But amidst this fast growth, the risk of default and other issues ...

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China's test of interbank bonds to fund real economy 'a success'

China test of interbank bonds to fund real economy 'a success'

(ATF) After trialling the method since April, the China Inter-Bank Market Dealers Association has issued a new measure for the inter-bank bond market to do a further "innovative test field" – to stimulate growth and enhance the ability of targeted issuance to serve the real economy. New "Regulations on the ...

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GF Securities under administration, activities frozen

GF Securities under administration, activities frozen

(ATF) More than two dozen Initial Public Offerings have been withdrawn from GF Securities after the firm was accused of being involved in a serious fraud case earlier this year. The Guangdong Securities Regulatory Bureau decided to freeze GF Securities' orders till the firm decided to "correct itself". The case ...

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Corporate bond applications can be extended till mid-2021

Corporate bond applications can be extended till mid-2021

(ATF) The General Office of the National Development and Reform Commission (NDRC) issued a notice on its website saying there is a uniform extension of the validity period for approval and approval documents for corporate bonds. The commission said the move is a part of its key role, which aims ...

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