China Drafts New Rules to Promote Bond Investments by Foreign Investors

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Marilyn Romero

The People's Bank of China and State Administration of Foreign Exchange have issued draft rules that will allow foreign investors to switch bond investments between China's foreign investment channels.

IMF renminbi yuan currency

China, in response to demand from the international investment community, has issued draft rules that will allow foreign investors to switch investments between the China interbank bond market scheme, known as CIBM Direct, and the older Qualified Foreign Institutional Investor, or QFII, program.

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