New Bond Rules

Beijing Review - - THIS WEEK -

China has un­veiled a set of tem­po­rary reg­u­la­tions to stan­dard­ize the bond is­suance by dif­fer­ent kinds of over­seas in­sti­tu­tions in China’s in­ter­bank bond mar­ket.

The Peo­ple’s Bank of China (PBC) and the Min­istry of Fi­nance jointly pub­li­cized the rules on Septem­ber 25, aim­ing to push for­ward the open­ing up of the coun­try’s bond mar­ket.

Since in­ter­na­tional de­vel­op­ment in­sti­tu­tions is­sued yuan­de­nom­i­nated bonds in China’s in­ter­bank mar­ket for the first time in 2005, over­seas in­sti­tu­tions have seen more chan­nels to is­sue bonds in the in­ter­bank mar­ket and more types of in­sti­tu­tions have been al­lowed to do

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