BUSINESS China mulls trading of matured defaulted bonds


China mulls trading of matured defaulted bonds


22:41, June 28, 2019


BEIJING, June 28 (Xinhua) -- China mulls trading of matured defaulted bonds in its latest move to guard against financial risks and benefit the real economy.

China's central bank Friday unveiled a draft of a mechanism arrangement for trading of matured defaulted bonds to consult public opinion on the document by July 13.

The draft document specifies the process and requirements of such trading, as well as risk control measures and obligations of related intermediary agencies.

The People's Bank of China has been piloting such practices in the inter-bank bond market organizations since the second half of 2018, which are running smoothly.

The mechanism is expected to improve treatment efficiency of defaulted bonds, facilitate market clearing and help guard against financial risks.

The final official document will be released after improvement of the draft based on public consultation.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue