PBoC relaxes foreign central bank, SWF access to interbank market
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Asia

PBoC relaxes foreign central bank, SWF access to interbank market

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The People’s Bank of China (PBoC) on July 14 increased the access that foreign central banks, supranationals and sovereign wealth funds have to China’s interbank market, in a move that has been seen as a big step in the promotion of RMB internationalisation.

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