China Justice Observer


EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China Opens Bond Market to Foreign Investment

Mon, 11 Jul 2022
Categories: China Legal Trends

On 27 May 2022, the People’s Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued an announcement on “Matters Concerning Further Facilitating Foreign Institutional Investment in China’s Bond Market” (关于进一步便利境外机构投资者投资中国债券市场有关事宜, hereinafter referred to as the “Matters”).

A highlight of the Matters is that foreign investors’ access to China’s bond market will be extended to the exchange bond market.

Previously, foreign investors mainly invested in China’s bond market through the Bond Connect and the CIBM Direct. These funds were not allowed to enter the exchange bond market but only the interbank market.

The Matters not only expands the investment scope of China’s bond market available to foreign investors, but also diversifies the types of qualified foreign investors in China’s domestic exchanges. Foreign central banks, sovereign funds, certain banks, and insurance companies, which were only allowed to invest in the interbank market before, can also trade on the exchange bond market since now.



Cover Photo by Zhipeng Ya on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

You might also like

SPC Publishes Typical Cases on Public Security Crimes

In April 2024, China's Supreme People's Court (SPC) released five typical cases illustrating crimes against public security, emphasizing clarifications on trial criteria and sentencing principles, featuring a case involving serious injuries from objects thrown off a high-rise building.

Beijing Court Upholds Workers' Right to Offline Rest

The Beijing No. 3 Intermediate People's Court ruled that workers are entitled to overtime pay for “invisible overtime work” conducted via social media outside of working hours, protecting their right to “offline rest”.

China Revises State Secrets Protection Law

China’s national legislature, the National People’s Congress, revised the State Secrets Protection Law to enhance information classification, secrecy in technological innovation, and precise protection of state secrets, effective May 1, 2024.