China is doubling down on stymying the murky fundraising practices in the structured bond market that is exploited by shady fund managers and risky borrowers as the government steps up efforts to tackle the debts amassed by local government financing vehicles (LGFV), which by some estimates have ballooned to 50% of the nation's gross domestic product.
Caixin
Beijing fears local vehicles for infrastructure finance may tank
Fund manager's sketchy deals highlight China's debt disaster
An investment manager at Henan-based Central China Futures -- a key figure in regulators' tightened scrutiny of structured bond issuance -- may have flamed out.
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