China’s NDRC Said to Suspend Company Bond Assents Amid Probe

China’s top economic planning agency is said to have suspended approvals this week for the sale of corporate bonds, deepening a crackdown on corruption and irregularities in the market for the securities.

The National Development and Reform Commission, which oversees bond sales by unlisted companies, stopped accepting applications for new issuances this week, according to people familiar with the matter. It’s not clear when applications will resume, said the people, who asked not to be identified because the suspension hasn’t been made public. The 21st Century Business Herald also reported the halt yesterday.