Chinese Regulators Clamp Down on Bond Underwriting Misconduct
- Central China Securities, Kaiyuan Securities given suspensions
- PBOC met with major credit-rating companies last week
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Chinese regulators are cracking down on misconduct in the world’s second largest corporate bond market, as they seek to reduce financial risk.
The country’s securities watchdog said it suspended for six months the corporate bond underwriting business of Central China Securities Co. and Kaiyuan Securities Co., according to statements dated Oct. 18.