Xiangtan Construction Investment Barred From Bond Borrowings for Two Years

China’s interbank bond market regulator punished another company for issuing debt instruments in violations of rules and disrupting market order, the third such penalty in less than two years.

Xiangtan Construction Investment Ltd. Co. was banned from borrowing money in the bond market for two years and was ordered to conduct comprehensive rectification of problems exposed in its violations of regulations, the National Association of Financial Market Institutional Investors (NAFMII) said Tuesday in a statement. NAFMII is a self-regulatory organization for the interbank market backed by China’s central bank.