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Daily Briefing

Wider bond market access for foreign investors

Jan 18, 2019 by The Passage Team
Wider bond market access for foreign investors

Steps to encourage foreign investment in bond markets and make the overall investment environment more conducive and friendly will be enacted in a gradual manner, a central bank official said on Thursday.

Pan Gongsheng, deputy governor of the People's Bank of China, said: "We are preparing to launch bond index products such as bond exchange traded funds, promote interconnectivity among central depository institutions, and extend the settlement cycle for bond trading.

"The State Administration of Foreign Exchange, the currency regulator, is doing research on optimizing the arrangements for overseas investors to participate in foreign exchange hedging transactions. Besides, the PBOC will fully liberalize bond repurchase transactions at the right time and push hard with the utilization of the market for renminbi derivatives," said Pan.

Source: China Daily

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