Forex News May 28, 2022

 

China

China opens its exchange bond markets to foreign investors.

The People’s Bank of China announced another step toward greater global access to China’s financial markets. According to a Friday statement from the People’s Bank of China, China will allow foreign institutional investors to purchase bonds traded on its smaller exchange market.

Qualified foreign institutional investors, ranging from central banks and sovereign funds to commercial banks and pension funds, will be able to trade bonds and invest in derivatives on the exchange market, in addition to other bond-based instruments permitted by the PBOC and China’s securities regulator.

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