Reported about 1 year ago
In order to continue promoting high-level openness of the bond market, the People's Bank of China's Financial Market Department stated the need to deepen and expand financial market connectivity, create a more friendly and convenient investment environment for overseas institutions to attract more issuers, investors, especially long-term investors, to participate in the Chinese mainland bond market. The PBOC aims to enrich interest rate and exchange rate derivative products, facilitate offshore investors in allocating RMB assets and conducting liquidity management, and explore mechanisms for using RMB bonds as offshore eligible collateral.
Source: YAHOO