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Defaults set to continue as Beijing pledges to end fraud in bond market

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Despite pledges that the government will clean up the bond market, investor sentiment has been negatively impacted for the long term as the fundamentals of the market are now being questioned.

Beijing

CHINA'S recent bond defaults by large state-owned enterprises (SOEs) are set to continue as Beijing warned it will crack down on fraud and show more tolerance for letting companies default on payments.

Recently, Vice-Premier Liu He, said the government would show "zero...

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