China Pledges to Further Open Bond Market to Foreign Investors
Photographer: Tomohiro Ohsumi/Bloomberg
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China vowed to push ahead with opening its bond market to foreign investors, with a senior central bank official saying it was crucial for the development of the nation’s financial markets.
"We have some thoughts about how to further open up the bond market," People’s Bank of China Deputy Governor Pan Gongsheng said at a forum on Thursday. "We’re researching and plan to issue new index products such as bond ETFs to facilitate foreign investors, and will improve connectivity between central custodian institutions."