China’s central bank and foreign exchange regulator rolled out new rules aimed at attracting more foreign institutional investors to invest in the country’s bond market.
The new regulations are aimed at promoting “two-way opening” of the financial market, the People’s Bank of China and the State Administration of Foreign Exchange said in a statement on November 18. The new rules will take effect from January 1, 2023.
One key change involves allowing foreign institutional investors to conduct spot foreign exchange trades via third-party financial institutions, other than settlement agencies approved by the PBoC.
Authorities will also provide more channels for foreign investors to hedge against FX risks and scrap the current limit on the number of counterparties…
Read More
