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PBOC Planning Bond Default Resolution Framework

CHINA PRESS
MNI (BEIJING)

The People’s Bank of China plans to establish a bond default resolution framework and an early warning mechanism for SOE bond defaults, the PBOC said in an article on its website. The central bank will improve judiciary and administration processes and build a variety of market-based default resolution methods to promote the orderly clearing of credit risks, and enhance market resilience. Additionally, the PBOC will strengthen the regulation of secondary transactions in the bond market and improve market liquidity. (Source: PBOC Website)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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