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Regulator Criticizes Three Bond Underwriters in Yongcheng Coal Scandal

2021年01月18日 20:47 来源于 财新网
Bombshell bond market default leads to discipline for two issuers, seven financial intermediaries, an auditor and a credit ratings firm as the PBOC and other regulators prepare to issue likely penalties
A self-regulatory body under China’s central bank announced that three major underwriters of Yongcheng Coal’s bonds had violated self-regulatory rules of the interbank bond market.

China’s interbank bond market regulator has criticized three more financial institutions involved in shady bond issuances by state-owned Yongcheng Coal, the latest of 11 companies to be named and shamed after the coal miner’s surprise default shattered confidence in debt offerings by state-owned enterprises (SOEs).

版面编辑:喻竹杨洋

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