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Wider access to interbank bond market

Qualified retail investors are being given wider access to the interbank bond market in a further bid to encourage borrowers to raise funds directly. Qualified retail investors are now allowed to trade municipal government bonds for the first time via accounts set with qualified financial institutions, in addition to treasury bonds and policy bank bonds, said the People's Bank of China. Qualified retail investors should own financial assets of no less than 3 million yuan ($458,000), have annual incomes of no less than 500,000 yuan, and more than two years' experience investing in securities.