China regulators set new rules on bond trading: sources

Shanghai

CHINA'S financial regulators have published new rules to regulate bond trading, with a focus on restricting leverage and banning under-the-table deals designed to skirt regulations, said people familiar with the matter.

The rules, jointly issued by the People's Bank of China and China's banking, securities and insurance regulators, underscore Beijing's increasingly coordinated efforts to reduce leverage in the financial system.