PBOC’s Pan: China seeks more open, more transparent, more efficient bond market

People's Bank of China (PBOC) Deputy Governor Pan Gonhsheng is on the wires now, via Reuters, speaking about the bond market issues and economic growth.

Pan said China is looking for a more open, more transparent, more efficient bond market as part of financial market opening up, adding that the Chinese bond market has a relatively low default ratio, having some defaults are not a bad thing.

On China’s economy, he said that China seeks sustainable economic growth.