China Regulators Said to Review Bond Underwriting Practices
- Authorities are asking about price gaps, low underwriting fees
- Regulators are conducting a review to assess market practices
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Chinese regulators are stepping up efforts to address bond underwriting problems that have long plagued the world’s second-largest fixed-income market, according to people familiar with the matter.
The National Association of Financial Market Institutional Investors, an entity governed by China’s central bank that oversees interbank bond sales, is asking underwriters to review problematic practices in the primary corporate debt market, said the people who asked not to be identified as they’re not authorized to discuss private information.