China removes bond quotas for foreign institutions
The People's Bank of China has taken another step towards liberalising its capital markets, in a move it says will help meet demand for mainland fixed income assets.
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China has further liberalised its interbank bond (IBB) market to meet rising investment demand from foreign investors, despite substantial outflows from mainland stocks and a slowing domestic economy putting pressure on the renminbi.
The People’s Bank of China (PBoC) said yesterday (February 24) it would remove the investment quota system for commercial banks, insurance companies, securities firms and asset managers. This means eligible investors will not need to apply for a quota…
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