Chinese regulators are moving to unify the country’s fragmented bond markets, the world’s second largest, in a move to reduce complexity, attract overseas investors and to facilitate policy transmission.
The People’s Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) said in a joint statement that qualified investors on the interbank market and on the Shanghai and Shenzhen exchanges will be able to buy and sell bonds listed on both markets through . . .
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