China opens up interbank bond market

China grants certain foreign institutional investors wider access to the country’s $5.8 trillion interbank bond market in an effort to repair its reformist credentials.

China opens up interbank bond market

China’s $5.8 trillion interbank bond market is being opened further to foreign institutional investors, offering evidence that the government remains committed to slowly liberalising its capital markets even as a pall is cast over domestic equity markets.

Foreign central banks, international financial organisations, and sovereign wealth funds will no longer have to seek prior administrative approval to invest in the country's onshore interbank debt market, the People’s Bank of China said late...

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