Domestic bonds open to World Bank bodies
By Feng Jianmin |
April 24, 2012, Tuesday
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Print Edition
Print Edition
CHINA has allowed two World Bank institutions to invest in the domestic bond market.
The People's Bank of China will buy bonds in the interbank market on behalf of the International Development Association and the International Bank for Reconstruction and Development, the central bank said in a statement yesterday.
The PBOC signed the agreement with the World Bank bodies in Washington.
The move came after the State Administration of Foreign Exchange more than doubled the amount foreign institutions are allowed to invest in China's capital market this month.
The People's Bank of China will buy bonds in the interbank market on behalf of the International Development Association and the International Bank for Reconstruction and Development, the central bank said in a statement yesterday.
The PBOC signed the agreement with the World Bank bodies in Washington.
The move came after the State Administration of Foreign Exchange more than doubled the amount foreign institutions are allowed to invest in China's capital market this month.
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