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Clifford Chance

Clifford Chance
Briefings

Briefings

China Further Liberalizes Bond Market for Foreign Investors

26 February 2016

On 24 February 2016, the People's Bank of China (PBOC) issued Announcement No 3 (Announcement) to further open up the China Interbank Bond Market (CIBM) to a wider group of foreign institutional investors.  This is a breakthrough development following on from Notice No 220 issued by PBOC in 2015 which removed the quota requirements applicable to foreign central banks, international financial organisations and sovereign wealth funds for trading in the CIBM.

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