China Vows to Improve Bond Handling as Defaults Hit Record
- All creditors should be treated equally, PBOC official says
- Nation’s top judge urges stronger investor right protection
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China’s financial regulators are calling for more transparent and fair handling of defaults to restore investor confidence in the world’s second-largest bond market, after repayment failures hit a record high this year.
Senior officials from the central bank, the securities regulatory body, the supreme court and other departments discussed court-mediated dispute resolution concerning bond defaults at a symposium in Beijing on Tuesday, according to a statement posted on the website of People’s Bank of China.