Will Bond Market Tidying Trigger Clean Sweep?

(Beijing) – China's financial regulators are rewriting rules for the interbank bond market after criminal investigations early this year led to the arrests of several well-known bond traders and exposed serious flaws in the market's supervision system.

The changes affect several agencies and more than a dozen market areas, from the trader account application process, to bond issues and settlements. Rules governing bond trader and supervisor qualifications are also being tightened.