China promotes opening up panda bond market further

By Xinhua News Agency

Dec 07, 2022 12:15 am

BEIJING: China has announced improved fund management rules for panda bond issuances as part of efforts to promote the increased opening-up of its bond market.

The People's Bank of China and the State Administration of Foreign Exchange jointly released the new regulations, set to take effect on Jan. 1, 2023, to facilitate the financing of overseas institutions in the East Asian country's bond market.

The Lujiazui area of the city of Shanghai, eastern China on April 9, 2020. XINHUA FILE PHOTO

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