China Vice-Premier Liu He vows zero tolerance for misconduct after recent bond defaults

BEIJING (REUTERS) – China will show “zero tolerance” for misconduct following a string of recent bond defaults, a meeting of the Financial Stability and Development Committee chaired by Vice-Premier Liu He said.

Fraudulent issuance, disclosure of false information, malicious transfer of assets and misappropriation of issuance funds will be strictly investigated, it was decided at the meeting, according to an account posted on a government website.…

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