News Formal

China takes fresh steps to open bond market to foreigners

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SHANGHAI :China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service fees, improve overseas access to foreign exchange hedging, and streamline the process of opening accounts. China will also facilitate cross-border bond subscriptions, and ma

SHANGHAI :China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service fees, improve overseas access to foreign exchange hedging, and streamline the process of opening accounts.

The move is aimed at"promoting further opening of China's bond market", and deepen capital market reforms, said the CFETS, which operates the platform for China's interbank and forex trading. And on Monday, the CFETS will roll out a service for cross-border bond subscriptions, making it easier for overseas investors to participate in the primary market of Chinese bonds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China to take fresh steps to facilitate foreign bond investmentSHANGHAI : China announced fresh measures on Friday to facilitate foreign investment into the country's bond market, saying it would cut service fees, improve foreign access to forex hedging, and streamline the process of opening accounts. The China Foreign Exchange Trade System (CFETS) also said it will No thanks, not going to make a mistake again.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »