China Securities Regulatory Commission (CSRC), the country's top securities regulator, has completed the preliminary field inspection on corporate bond issuers, according to Deng Ke, spokesman with the CSRC on Friday.
In order to ensure regulated development of bond market and guarantee the legitimate interests of bond investors, the CSRC has required bureaus in different regions to conduct field inspection on bond issuers in their jurisdiction.
By far, 31 bureaus have inspected 105 issuers on information disclosure, usage of raised funds, financial accounting and company governance. In the future, various bureaus will adopt relevant punishment and supervision measures to solve the problems detected through the inspection.
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