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PBOC unveils new rules to make it easier for foreign institutional investors to buy Chinese bonds

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China’s top financial regulators unveiled new rules to make it easier for overseas institutional investors to access its $15.4 trillion onshore bond market in a further move to open up its financial markets.

Regulators will simplify application procedures for foreign bond investors and unify rules governing various investment channels, according to a set of draft regulations issued Wednesday by the People's Bank of China, the State Administration of Foreign Exchange and the China Securities . . .

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