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New rules to boost bond market
The People's Bank of China, the central bank, and the finance ministry jointly issued regulations on Tuesday to promote the interbank bond market's opening to foreign institutions. Rules on application conditions and procedures for foreign bond issuers, information disclosure, and bond issuance registration were also issued. The move will improve the internationalization level of the Chinese bond market, and is a significant step in further opening of the country's financial markets, said a statement on the website of the PBOC. The foreign bond issuers include international development institutions, foreign governments, overseas financial institutions and non-financial companies, it said.
Renminbi weakens against greenback
