Standard Chartered gains bond market maker status in China

Standard Chartered China has become the third international bank to gain regulatory approval as a market maker in China's national interbank bond market. Previous approvals have been issued to Citi in August 2009 and J.P. Morgan in May 2008.

Eva Chow, head of corporate communications for Standard Chartered China, explained that Standard Chartered Bank has been a very active player in the renminbi bond market. With the bond market maker status, the bank could now quote buying and selling prices continuously in the interbank bond market. The approval will also allow Standard Chartered to compete in the domestic market for a range of interest-rate products, and to gain access to a wider...