Caixin
Jan 24, 2022 08:04 PM
FINANCE

China Gets a Step Closer to Unifying Its Fragmented $20 Trillion Bond Market

In the past decade, authorities announced and implemented a series of measures to unify the markets. Photo: VCG
In the past decade, authorities announced and implemented a series of measures to unify the markets. Photo: VCG

China’s central bank and top securities regulator approved a new set of rules designed to further connect the country’s two bond markets by establishing a mechanism that allows investors from one to trade on the other.

The measures (link in Chinese) for connecting the interbank and exchange bond markets mark the latest move in the nation’s years-long push to unify its fragmented $20 trillion bond market, whose different rules have added to the red tape for traders.

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