Risks in the domestic bond market can be controlled, and occasional defaults won't affect its overall steady condition or reduce demand for financing and investment, the China Securities Regulatory Commission said on Friday.

The steady growth of the economy and financial system is good for the development of the bond market, and the nation's economic transformation is favorable for financing and investment activities, said Zhang Xiaojun, a spokesman of the CSRC.

"Compared with developed countries, our debt ratio is not high and the risks are controllable," said Zhang.