China central bank plans more access for global investors
In short
China’s central bank wants to make it easier for global investors and issuers to use its financial markets.
The summary says it will do that by improving cross-border links, building the offshore yuan market and pushing yuan bonds as recognised collateral. It is not clear when the changes will happen.
What the reporting says
China’s central bank plans to improve access for global investors and issuers to its financial markets, according to a publisher-supplied summary. The plan includes stronger cross-border financial connectivity, development of the offshore yuan market and promotion of yuan-denominated bonds as globally recognised collateral. The reporting does not say when the measures will start or how markets will respond.
Why it matters
China’s central bank is reported to be planning steps to improve access for global investors and issuers in its financial markets. The measures include stronger cross-border connectivity, development of the offshore yuan market and promotion of yuan-denominated bonds as globally recognised collateral. The available reporting does not state a timetable, so the near-term market effect is uncertain.