China vowed to press ahead with opening its bond market wider to foreign investors, with a senior central bank official saying it was crucial for the development of the nation’s financial markets.
"We have some thoughts about how to further open up the bond market," People’s Bank of China Deputy Governor Pan Gongsheng said at a forum on Thursday.
China has been pushing for the yuan-denominated bonds traded onshore to be included in major global bond indices to attract greater capital inflows.
The inclusion of these onshore yuan-bonds into major global bond indices will stimulate capital . . .
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