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China takes fresh steps to open bond market to foreigners

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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.

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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.
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