Clean-up starts in bonds market with ban on swath of operators

The central bank has barred funds collected for asset management products issued by trust firms, brokerages and mutual fund houses from being invested in bonds on the interbank market, after Beijing increased efforts to weed out illegal trading practices in the debt market.

The decision, coming after a high-profile meeting to discuss curbing illegal bond trading on Wednesday, reflects growing concerns among financial regulators about the health of the market.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1223284/clean-starts-bonds-market-ban-swath-operators