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China Integrates Trading of $14 Trillion Local Bond Markets

  • China to link trading on two domestic bond platforms
  • Measure can attract more foreign investors: Everbright

China took a further step in integrating its fragmented bond markets, a move which analysts say could reduce complexity and attract foreign investors.

Bond traders on the interbank market and stock exchanges can now trade bonds listed on both venues, the People’s Bank of China and the China Securities Regulatory Commission said in a joint statement Sunday. The regulators will allow market intermediary agencies for the two venues to connect issuance, trading and settlement.