China’s regulators are cracking down on a type of informal bond transaction that has been linked to a default scandal in 2016. Photo: Reuters

China cracks down on under-the-table bond deals in latest attempt to reduce risk in markets

Regulators order institutions to sign written contracts in bid to stop practice of sale and repurchase agreements agreed informally and verbally

Topic |   Financial regulation

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China’s regulators are cracking down on a type of informal bond transaction that has been linked to a default scandal in 2016. Photo: Reuters
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