PBoC eases rules to lure foreign bond investors
New rules include allowing foreign investors to conduct FX trades with more financial institutions
China’s central bank and foreign exchange regulator rolled out new rules aimed at attracting more foreign institutional investors to invest in the country’s bond market.
The new regulations are aimed at promoting “two-way opening” of the financial market, the People’s Bank of China and the State Administration of Foreign Exchange said in a statement on November 18. The new rules will take effect from January 1, 2023.
One key change involves allowing foreign institutional investors to conduct
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