China's financial regulators halt a bond market rally, warn against reckless buying, and deny market intervention claims.
China's financial regulators, including those under PBOC, are regulating the bond market based on market principles, macro-prudential, and compliance perspectives, reports state media. They halted a rally in the world's 2nd-largest bond market, warned about reckless buying, but denied market intervention claims. Regulators will not directly intervene if institutions trade according to market principles and rule of law, but warned of potential "stampede" risks from unilateral consensus behavior.
August 24, 2024
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