The liberalisation of the renminbi took another small but significant step in mid-August when restrictions on foreign lenders’ investments in mainland China’s interbank bond market were eased. This is the fourth development affecting the currency in the past three months and comes only four weeks after the liberalisation of renminbi transactions in Hong Kong.
FinanceAsia talks to Lisa Robins, J.P. Morgan’s head of treasury securities services for China, for an assessment of how this development will affect companies doing business with the mainland.
What do the new regulations regarding greater foreign access to China’s interbank bond market entail Who will be allowed to participate
Before the People’s Bank of China announced these...