China to Reduce Government Intervention in Bond Market, Xie Says
November 22, 2011, 10:14 PM ESTBy Bloomberg News
Nov. 23 (Bloomberg) -- China is trying to reduce government intervention in the bond market, increase openess and allow market participants to discipline themselves, Xie Duo, director of the financial market department of the People’s Bank of China, said at a conference in Beijing today.
The Asian nation will push for more innovations in the bond market while continuing to improve risk controls, Xie said. China should promote bond infrastructure to prevent risk, he said.
Domestic bond issuers have been encouraged to make global debt sales, Xie said.
To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net
