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China vows zero tolerance for misconduct after bond defaults

Regulators to probe into two state borrowers and their bond underwriters

Shanghai's financial district of Pudong: Several High-profile defaults by Chinese state firms have sent shockwaves across China's corporate bond market.   © Reuters

BEIJING (Reuters) -- China will show "zero tolerance" for misconduct following a recent string of bond defaults, a meeting of the Financial Stability and Development Committee chaired by vice premier Liu He said.

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