China liberalises interbank bond market for foreigners
The PBoC has introduced a registration system for official foreign investors in its interbank bond market and scrapped quotas and approvals. It is seen as an attempt to ease concerns over recent market interventions.
China has revamped its interbank bond (IBB) market for foreign investors, in a bid to make it more accessible as part of its liberalisation drive.
The new rules will benefit the largest international institutions and are accompanied by an expanded fixed income investment scope for them.
It comes just days after the country’s reformist image was dealt a blow by a series of government interventions designed to prop up its collapsing stock markets.
The People’s Bank of China (PBo…
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