PBOC charts steps for bond market

Moves set to promote steady development of financial sector

China's central bank said it will boost the opening-up of the country's bond market this year while improving the rules dealing with bond defaults, in order to prevent and reduce financial risks.

The People's Bank of China listed nine targets for 2018 after the closure of its annual work conference on Tuesday, pledging to maintain a "prudent and neutral" monetary policy tone.