China's bond traders turn to WeChat and QQ after price-feed suspension

Traders in China's $21 Trillion Bond Market turn to WeChat after suspension of widely used bond price feeds in China.

China Banking and Insurance Regulatory Commission reportedly told money brokers to suspend their data feeds amid security concerns.

Transactions plunged by 30% to 60% from the previous day, according to broker estimates.

Official silence over the issue adding to unease in the market.

The latest move comes against a backdrop of sudden interventions by Beijing in the country’s financial markets.

The disappearance of a high-profile investment banker last month added to doubts about whether President Xi Jinping's crackdown on private enterprise such as tech and property has run its course.

Global investors may be less forgiving.