PBoC touts bond reform amid deleveraging, opening up

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By Noah Sin
21 Feb 2018

The People’s Bank of China has laid out its next moves to upgrade the domestic bond markets, including better market standards, clearer default rules and further opening to foreign investors — steps that could make regulators less active in the corporate debt market.

For the past two years, the PBoC has used its annual work conference to update market participants on a series of eye-catching changes to its bond market framework, including the opening up of the Panda bond market to financial institutions and sovereign issuers and its launch of the China interbank ...

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