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China Bond Trading Accounts Must Not Be Borrowed or Transferred, State Media Reports
China's interbank bond market trading accounts must not be borrowed or transferred, as that could lead to a rise in non-compliant transactions, distort market prices and increase credit risks, a central bank-affiliated newspaper said. The article in the Financial News on Friday came after Chinese regulators this week started probing small financial institutions over their trading behaviours as the People's Bank of China (PBOC) stepped up efforts to cool a sizzling rally in the treasury bond market. The National Association of Financial Market Institutional Investors (NAFMII), an industry body supervised by the PBOC, ... (full story)
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- Posted: Aug 8, 2024 10:54pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,685
