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China to launch investigation into corporate bond risks

Reuters  |  BEIJING 

(Reuters) - China's said on Wednesday it would launch an investigation and assessment into corporate bond risks, in an effort to strengthen management and reduce financial risks.

Local authorities will be required to conduct checks on companies' ability to repay their bonds, and help resolve repayment risks to protect bondholders' rights, the (NDRC) said in a statement on its website.

The NDRC also said it will encourage qualified firms to issue bonds to support infrastructure construction projects.

Corporate bond defaults in hit a record last year as the slowed.

(Reporting by Monitoring Desk; Editing by Kim Coghill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 12:10 IST