China further opens bond market to overseas investors
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

China opened its foreign exchange derivatives market to overseas non-central bank institutional investors on Monday.

The investors are allowed to trade forwards, forex swaps and options over the counter with banks, according to a circular released by the State Administration of Foreign Exchange (SAFE).

Access was granted in light of the increased presence of overseas institutional investors, which held bonds worth 870 billion yuan (126.6 billion U.S. dollars) by the end of 2016, up 83.4 billion yuan from 2015, SAFE said.

China will deepen the opening-up of its foreign exchange market by creating more trade tools and allowing more participants, SAFE said.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan