Here’s What Investors Think of China’s Latest Step Toward Financial Opening
- Nation’s regulators to give foreigners more investment options
- Changes came just as FTSE Russell added China bonds to indexes
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China has taken another step toward opening its financial system to the rest of the world by expanding the range of investment options available to foreigners.
The reforms involve the Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors programs, and were announced late Friday by the government. They arrived on the same day that FTSE Russell became the last major bond index compiler to add Chinese sovereign debt to its gauges.