In the News: Bond Market Reforms; Citigroup Fund Custody; and Yum China Offering

September 07, 2020 | BY

Vincent Chow

China issues draft rules easing foreign access to onshore bond markets; Citigroup becomes first U.S. bank to receive fund custody license; and Yum China bags $2.2 billion in Hong Kong secondary offering

China issues draft rules streamlining foreign access to bond market

China has introduced draft rules easing foreign access to its onshore bond market. On Sept. 2, the People's Bank of China (PBOC), State Administration of Foreign Exchange, and the China Securities Regulatory Commission (CSRC) issued draft rules simplifying application procedures for foreign investors and unifying rules for different investment channels.