China tightens regulation in $580b bond fund market

China tightens regulation in $580b bond fund market

FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo

China’s securities regulator has tightened risk control in the country’s $580 billion bond fund market, reducing the proportion of riskier debt mutual funds can hold and curbing leverage, said three people familiar with the matter.