China encouraged institutional investors to invest in its inter-bank bond market as a means of financial opening up, the country's central bank announced Wednesday.
The People's Bank of China (PBOC) will introduce more qualified foreign institutional investors (QFII) to the inter-bank bond market with streamlined regulations and no quota restrictions.
QFII may invest in China's inter-bank bond market after registering and opening accounts, and the PBOC will conduct prudent management over them.
The central bank's chief economist published an article on Tuesday calling for relaxation of restrictions on QFII investment in China's inter-bank bond market and accelerating issuance of treasury bonds.
