SHANGHAI : A Chinese self-regulatory body overseeing the interbank market has stepped up efforts in regulating bond businesses by probing into some of the country's major state-owned banks this week.The National Association of Financial Market Institutional Investors (NAFMII) said late on Thursday that it
SHANGHAI : A Chinese self-regulatory body overseeing the interbank market has stepped up efforts in regulating bond businesses by probing into some of the country's major state-owned banks this week.
The announcement marks the third such investigation into alleged wrongdoings at market participants this week. On Tuesday, NAFMII said it was looking into violations in the financial bond issuance business at policy bank Export-Import Bank of China and alleged violations in the underwriting business at China Minsheng Bank,.
On Monday, NAFMII said that another five financial institutions including Guangdong Finance Trust Co, Bank of Dalian, Bank of Zhengzhou, Bank of Qingdao, Jiangxi Bank were penalized after violations in the interbank bond market businesses.
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