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China Vows to Investigate Bond-Market Misconduct

China warned it would show zero tolerance for misconduct in the debt markets, after a series of defaults by state-backed groups unsettled investors.

The warning came from the Financial Stability and Development Committee, a body that groups together China’s central bank and other top financial regulators and that is chaired by Vice Premier Liu He, President Xi Jinping’s point person on economic and financial issues.

It…

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