PBoC unveils Bond Connect rules
China's central bank has clarified operational details of the market access scheme, through which Standard Chartered expects strong early trading in July.
China’s central bank has issued detailed guidelines on trading the China interbank bond market (CIBM) via Bond Connect – a move expected to boost investor confidence ahead of the go-live of the mutual market access scheme in July.
In a statement posted on Thursday (June 22) on its website, the People’s Bank of China (PBoC) listed the types of investors eligible for the trading link and the range of bonds they can invest in. It also explained the beneficial ownership mechanism and …
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