Qualified investors will be allowed to buy and sell bonds traded in each other's markets. FMTNews China
BEIJING: China will connect its interbank and exchange bond markets, the People’s Bank of China said on Sunday, a move aimed at unifying segregated bond markets and facilitating monetary policy transmission and macro-economic management.
The interbank bond market, which was formed in 1997 and is supervised by the central bank and dominated by banks, is much larger than the exchange bond market in terms of issuance and trading volume.
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