The Bank of China has initiated a self-regulation investigation into fundraising violations by market traders' association.

The Bank of China Interbank Market Traders Association has initiated a self-discipline investigation into institutions that violate fundraising regulations. The Traders Association continues to monitor the use of funds raised through debt financing instruments, strictly requiring issuers to use funds legally and in compliance, and urging intermediary institutions to fulfill their duties diligently. Recently, the Traders Association has observed that some issuing companies have mixed and misused funds raised through debt financing instruments despite setting up regulated accounts, involving multiple debt items and significant amounts. The relevant funds supervisory banks have not effectively fulfilled their responsibilities for monitoring raised funds. In accordance with the "Self-discipline Punishment Rules for the Interbank Bond Market", the Traders Association has initiated a self-discipline investigation into the relevant institutions. This article is excerpted from the "Bank of China Interbank Market Traders Association Official Website"; edited by GMTEight: Xu Wenqiang.