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

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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