Fixed Income News Results

  • Regulatory Pressure Mounts on Coal Miner that Rattled China's Bond Market

    An investigation into a troubled Chinese state-owned coal miner was escalated to the country's securities regulator, as authorities pile pressure on the company whose recent default rattled the bond market. The National Association of Financial Market Institutional Investors, a self-regulating body supervised by China's central bank, said late Tuesday that it had sent leads related to suspected violations of laws and regulations by Yongcheng Coal& Electricity Holding...

  • China Vows to Investigate Bond-Market Misconduct

    China warned it would show zero tolerance for misconduct in the debt markets, after a series of defaults by state- backed groups unsettled investors. The warning came from the Financial Stability and Development Committee, a body that groups together China's central bank and other top financial regulators and that is chaired by Vice Premier Liu He, President Xi Jinping's point person on economic and financial issues. It followed a series of interventions by other actors,...

  • Trump's China Blacklist Sparks Reviews at Index Compilers

    Index compilers FTSE Russell, JPMorgan Chase& Co. and MSCI Inc. (MSCI) are rethinking their stance on securities from companies that the U.S. government says help the Chinese military. On Nov. 12, President Trump signed an executive order barring Americans from investing in 31 Chinese companies that the U.S. says supply and otherwise support China's military, intelligence and security services. The blacklist sparked a selloff in stocks and bonds issued by some targeted companies or...

  • Chinese State-Owned Bank Stops Digital Bond Sale That Was Drawing Scrutiny

    One of China's largest banks halted the planned debut of a digital bond on an exchange outside the country, shortly before the security was scheduled to begin trading on Nov. 13.. China Construction Bank Corp. (CICHY) decided not to proceed with a sale of up to $3 billion in short-term debt in Labuan, an offshore financial center in Malaysia, after the bank's role in the deal and the way investors could trade the securities came under scrutiny in China. The blockchain-based bond, the first of...

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