China's central bank said on Tuesday it will further open up the inter-bank bond market to overseas institutional investors such as foreign central banks, international financial institutions and sovereign funds.
The People's Bank of China (PBC) said that these enterprises will no longer need pre-approval to trade bonds and can do so after simply filing a registration form, according to a notice on the PBC's website.
These investors can trade in the inter-bank bond market and decide on their scale of investment. The PBC will supervise and regulate these trades, it said.
