BoC RMB bond trading index to tempt foreign investors onshore

Bank of China (BoC) launched a new renminbi bond index simultaneously in London, Beijing and Singapore on October 20. The index is aimed at getting more foreign investors buying onshore bonds and in turn further boost the use of RMB globally, Le Yan, deputy general manager of Shanghai RMB trading unit, financial markets department at Bank of China, told GlobalRMB.