China’s central bank has imposed heavy fines on three financial institutions for bond-trading irregularities – the first of such punitive actions after it warned about plunging government bond yields from May.Three institutions were fined 36.07 million yuan (US$4.94 million), 13.1 million yuan and 11.03 million yuan, respectively. Meanwhile, 13 employees involved in these cases were penalised a total of 2.53 million yuan, while illegal gains of 8.57 million yuan from East Asia Futures were confiscated.Amid declining returns from traditional assets such as stocks and real estate, investors are increasingly turning to low-risk options, such as government bonds, to diversify their portfolios. Is Chinese investment an anti-business move ?

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