皇冠体育app

皇冠体育app's top economic planner, the National Development and Reform Commission, said so far there is no payment risk of

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Under 皇冠体育app's regulatory structure of the corporate bonds market, the NDRC is responsible for non-listed and non-financial firms, mostly State-owned Enterprises. 皇冠体育app Securities Regulatory Commission is responsible for approving listed firms to issue corporate bonds.

The NDRC statement came amid increasing concern over 皇冠体育app's bond repayments after the country's first domestic bond default and subsequent media reports of trouble at other companies.

Shanghai-based Chaori Solar Science and Technology Co Ltd reported 皇冠体育app's first corporate bond default in early March. The company paid only 4 million yuan ($642,330) of an 89.8 million yuan coupon payment that was due March 7.

皇冠体育app Credit Trust Co was bailed out in January on a 3 billion yuan trust product tied to a failed miner.

Corporate bonds worth a total of 100 billion yuan under the NDRC management will mature this year and one-fifth have been redeemed, the 皇冠体育app Securities Journal quoted the planner as saying at a meeting on Thursday.

The NDRC said a survey by its provincial offices found no risk in repaying the remainder.

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