China Approves ICBC, Bocom Units to Enter Interbank Bond Market

China has approved five overseas banking institutions to enter the interbank bond market, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System.

The banks include Industrial and Commercial Bank of China Ltd.’s Macao unit and Malaysia unit, Bank of Communications Co.’s Macao unit, Oversea-Chinese Banking Corp. and Fubon Bank (Hong Kong) Ltd, according to the statement.

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