Related News
China to take steady steps in opening bond market: central bank
Online Edition
CHINA will further open its bond market to foreign investors in a step-by-step manner along with the internationalization of RMB, central bank officials said Friday.
China's bond market has always been open to foreign investors, and the progress made in the internalization of RMB last year has particularly boosted foreign investors' interest, central bank governor Zhou Xiaochuan told a press conference on the sidelines of the ongoing annual legislative session.
He cited the RMB's inclusion in the International Monetary Fund's Special Drawing Right (SDR) currency basket last year.
So far there are some 400 overseas institutional investors holding bonds worth more than 800 billion yuan (about US$115.74 billion) in China's market backed by central bank's supporting policies, according to Pan Gongsheng, deputy governor of the People's Bank of China.
This marks an increase of more than 100 in investor number and some 150 billion yuan in investment volume from a year ago, he said.
Overseas governments, institutions and enterprises have issued more than 60 billion yuan of bonds, or "panda bonds", in China by the end of last year, Pan added.
The central bank will further improve institutional arrangements and promote exchanges and communications with foreign investors to provide a more friendly and convenient investment environment, said Pan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
