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China Tightens Corporate Bond Disclosure Rules

China Tightens Corporate Bond Disclosure Rules

China’s top bond regulators have released new rules unifying information disclosure requirements for bonds issued by nonfinancial firms, after an unexpected default of a state coal miner sent shockwaves through the world’s second-largest bond market. The rules, which take effect May 1 next year, specify essential documents to be disclosed for issuing the bonds and major matters that issuers need to disclose...

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