AsianFin -- A leading Chinese financial data provider, Shanghai Tiantian Fund Sales Corp., has temporarily stopped releasing figures tracking local bond flows, according to clients familiar with the matter. The move comes as a surge in the country’s stock market has triggered a selloff in sovereign debt.
The company, which operates a data platform widely used by China’s asset management firms, did not publish daily fund-related metrics on Thursday, including investor redemptions from fixed-income funds, the clients said. They requested anonymity due to the private nature of the information.