PBOC expands to further open up financial sector

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Beijing

The People’s Bank of China (PBOC), China’s central bank, said on Saturday that it would allow foreign institutions rate all types of bonds in the interbank and exchange bond markets when they conduct credit ratings business in China.
China’s State Council recently announced a series of new policies to further open up its finance sector. The country’s central bank expanded on these policies on Saturday, saying it would allow foreign institutions rate all types of bonds in the interbank and exchange bond markets, when they conduct credit ratings business in China.
It added that the policies would help overseas institutional investors invest in the inter-bank bond market, and allow foreign institutions to obtain an A-class principal underwriting license for the inter-bank bond market.—CCTV-PLUS

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