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By Charlotte Yang / Nov 29, 2018 05:48 PM / Finance

Foreign institutional investors will soon be able to trade Chinese bonds in the interbank market through a collaboration between Bloomberg and the China Foreign Exchange Trading System (CFETS).

The People’s Bank of China said preparation for the project is “basically ready,” and once launched, foreign investors will be able to manage yuan-denominated bonds through their Bloomberg terminals.

The move is also expected to help reduce technical hurdles of trading Chinese bonds.

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