Chinanews.com, December 25th. Chen Yulu, deputy governor of the People’s Bank of China, pointed out on the 25th that the People’s Bank of China will work with the Development and Reform Commission, the China Securities Regulatory Commission and other relevant departments to implement regulatory responsibilities, further strengthen the rule of law in the bond market, and strengthen market discipline. Severely crack down on various violations of laws and regulations.
The State Council Information Office held a regular briefing on the State Council’s policies on the 25th.
A reporter asked that the default of credit bonds in the bond market a while ago caused widespread concern in the market. What specific measures will be taken in the next step to combat "debt evasion" and the rule of law in the bond market?
In this regard, Chen Yulu pointed out that since the beginning of this year, the bond market has been generally stable. Recently, a very small number of bond issuers have defaulted on the inter-bank bond market, which has triggered some fluctuations in the bond market.
At present, stability has been restored, and investors are becoming more rational.
Objectively speaking, since it is a bond market, bond default is a phenomenon that breaks rigid redemption in the development of the bond market. Through the test of default data, it can actually form a competitive mechanism for the survival of the fittest in the bond market.
This is helpful to the construction of credit in my country's financial market.
"However, in this process, we must be highly vigilant against violating companies that have false information disclosures, or fraudulent issuances or even malicious "debt evasion" and other violations of laws and regulations. These behaviors will affect the social environment and the credit quality of the financial market. Great destructive effect."
Chen Yulu said that the People's Bank of China will work with the Development and Reform Commission, the China Securities Regulatory Commission and other relevant departments to implement regulatory responsibilities, further strengthen the rule of law in the bond market, strengthen market discipline, and severely crack down on various violations of laws and regulations.
At the same time, it has also strengthened the bond market information disclosure requirements, improved the credit constraint mechanism and credit rating system, and promoted a more healthy development of the credit system of the financial market, especially the bond market.