China is preparing to go global, as the country’s interbank bond market is about to let foreign investors in.
This market, the world’s third biggest market, has Rmb48 trillion ($7.4 trillion). Standard Chartered said the size is almost the same as the remainder of the emerging markets bond universe combined.
The People’s Bank of China made the first announcement in a usual fanfare-freestyle in February. Participating banks are clarifying the procedure for access with the country’s central bank, which is awaited to be completed in two weeks.
The material has been provided by InstaForex Company – www.instaforex.com