The People’s bank of China, together with the CSRC and State Administration of Foreign Exchange issued for public consultation a draft announcement on matters related to foreign institutional investors in the China’s bond market earlier this month. Highlights of the announcement include: (1) types of foreign institutional investors eligible for China’s bond investment and way of application have been clarified; (2) foreign investors may invest in exchange bond market through CIMB Direct and Bond Connect by the means of market connectivity with the exchange market; (3) foreign institutional investors may open accounts with either its global custodian bank or domestic infrastructure to participate in the CIMB market.
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