All posts tagged "NAFMII"
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108ChinaChina: NAFMII Revises Rules for Credit Derivatives
The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.
May 14, 2021 -
304ChinaChina Proposes Tighter Rules for Credit Rating Agencies
The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.
March 31, 2021 -
288ChinaCSRC Bans Haitong Securities from Advisory Work for One Year
The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal's CNY 1 billion default.
March 25, 2021 -
287China
CSRC Revises Rules on Corporate Bond Issuance, Ratings
Companies will no longer be required to engage a rating agency and obtain a credit rating before they issue bonds for sale on the public market.
March 4, 2021 -
272ChinaState-owned Firms Issue China’s First Carbon-neutral Bonds
The bonds reportedly received a lukewarm response from investors who are seeking higher yields amid signs of tighter liquidity.
February 11, 2021 -
214China
NAFMII Punishes Bond Underwriters Over SOE Default
The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.
January 22, 2021 -
228ChinaNAFMII Identifies Regulatory Breaches at Haitong Securities
The breaches have been reported to the PBOC and CSRC, which are likely to issue penalties to Haitong Securities and its subsidiaries.
January 14, 2021 -
195ChinaPBOC Offers Incentives for Interbank Bond Market Makers
New rules set to take effect in April will streamline administration of market makers and for the first time establish an incentive mechanism.
January 4, 2021 -
292China
China Fund Managers Prepare to Launch Cross Market Bond ETFs
Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.
December 18, 2020 -
279China
CSRC Investigates SOE and Auditor Over Bond Default
SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.
December 3, 2020
