Regulation & Policy - All Articles
While China has presented Panda bonds as a key pillar of renminbi internationalisation, the market has long been dominated by Chinese red chip companies raising cash for their onshore operations. Regulators are now looking to change that by bringing more sovereign issuers into the market, experts told GlobalRMB.
Expectations were low for breakthrough announcements on financial markets reform ahead of the Communist Party Congress, which started Wednesday. But regulators have dropped a few hints at what might be in store for the renminbi internationalisation (RMBi) agenda and the opening of the banking sector.
Market participants in Hong Kong have welcomed plans by regulators to install a new investor identification mechanism, which will require northbound investors participating in Stock Connect to reveal their identities by the middle of 2018.