China Vice Premier vows zero tolerance for misconduct after recent bond defaults

Chinese Vice Premier Liu He says China will show "zero tolerance" for misconduct following a string recent of bond defaults.

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

Fraudulent issuance, disclosure of false information, malicious transfer of assets, and misappropriation of issuance funds will be strictly investigated, said the meeting, according to an account posted on a government website.