Bonds regulator
By Feng Jianmin |
April 7, 2012, Saturday
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Print Edition
Print Edition
CHINA has made progress in its work to centralize administration of corporate bonds, which are currently regulated by the central bank, the National Development and Reform Commission and the China Securities Regulatory Commission.
The separate administrations on bonds issued by different kinds of companies and bonds sold on different markets are believed to be inhibiting the growth of China's corporate bond market.
A guideline for coordinating the regulatory system of various bodies was approved during a first meeting of its kind, presided over by central bank Governor Zhou Xiaochuan, the People's Bank of China said in a statement on its website yesterday.
The separate administrations on bonds issued by different kinds of companies and bonds sold on different markets are believed to be inhibiting the growth of China's corporate bond market.
A guideline for coordinating the regulatory system of various bodies was approved during a first meeting of its kind, presided over by central bank Governor Zhou Xiaochuan, the People's Bank of China said in a statement on its website yesterday.
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