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CSRC To Step Up Local Bond Regulations

CHINA PRESS
MNI (Singapore)
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The China Securities Regulatory Commission has stepped up regulations on local bond issuance by asking its local bureaus to report on random inspections of bond business and stationing officers to different provinces for supervision, 21st Century Business Herald reported. Before 2022, bond issuance by local-government financing vehicles had many irregularities, such as using one project to issue bonds twice after “packing” under different names. Authorities will aim to uncover such issues, the newspaper said citing unnamed industry insiders.

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The China Securities Regulatory Commission has stepped up regulations on local bond issuance by asking its local bureaus to report on random inspections of bond business and stationing officers to different provinces for supervision, 21st Century Business Herald reported. Before 2022, bond issuance by local-government financing vehicles had many irregularities, such as using one project to issue bonds twice after “packing” under different names. Authorities will aim to uncover such issues, the newspaper said citing unnamed industry insiders.