USEUROPEAFRICAASIA 中文双语Français
Home / Business

New rules allow easier access to interbank bond trading

By Bloomberg | China Daily | Updated: 2015-07-15 08:11

China has issued new rules making it easier for foreign central banks, sovereign wealth funds and global financial organizations to access its interbank bond market, the latest step in the opening up of Asia's largest economy.

They will no longer need pre-approval to trade bonds, interest-rate swaps and conduct repurchase agreements, and can do so after filing a registration form, the People's Bank of China said in a statement posted on its website on Tuesday.

The change comes as China seeks to promote global use of the yuan to support its case for inclusion in the International Monetary Fund's basket of reserve currencies.

New rules allow easier access to interbank bond trading

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US