Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China should accelerate improvement of bond market legal system, PBOC official

December 25, 2020


Abstract : China should accelerate improving bond market legal system, said Pan Gongsheng, deputy head of the People's Bank of China (PBOC), in a meeting held recently, reported the Xinhua-run cnstock.com on Friday.

bonds.jpg

BEIJING, Dec. 25 (Xinhua) -- China should accelerate improving bond market legal system, said Pan Gongsheng, deputy head of the People's Bank of China (PBOC), in a meeting held recently, reported the Xinhua-run cnstock.com on Friday. 

Pan pointed out that in recent years China's bond market has been developing in full swing, and played an important role in increasing the proportion of direct financing, improving resource allocation efficiency and serving the real economy. However, due to its short history and rapid development, related legal system is not systematic and adequate, which calls for further improvement. 

Yan Se, chief economist with Founder Securities, said that the legal system of China's bond market will be strengthened in the future on the basis of current laws in a bid to give a full display of the role of bonds as a direct financing tool.

The 43rd meeting of the Financial Stability and Development Committee of the State Council that was held on November 21 put forward that various kinds of debt evasion behaviors shall be severely punished in order to protect the legitimate rights and interests of investors.

Pan highlighted that in the next step, PBOC will work together with relevant departments to promote the improvement of bond market legal system, comprehensively uplift the level of the rule of law in the bond market, show zero tolerance for illegal behaviors, and consolidate the credit foundation with an aim to ensure the healthy and stable development of the bond market. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: bonds

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial