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

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Published Wed, Dec 2, 2020 · 09:50 PM

    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 tolerance" for financial misconduct and that authorities would "severely" crack down on illegal behaviour on bond financing.

    ChinaBonds

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