No limit for investment by foreign banks in Chinese interbank market
Updated: 2016-04-15 08:24
(Xinhua)
|
||||||||
BEIJING - China won't limit investments by foreign central banks and similar institutions in the Chinese interbank foreign exchange (FX) and bond markets, official statements said Thursday.
But foreign banks and institutions must abide by Chinese laws and regulations and register their investments in the interbank FX market with the China Foreign Exchange Trade System and register their bond investments with the People's Bank of China (PBOC), the central bank said in statements posted on its official website.
For FX investments, foreign banks and institutions can choose to entrust the PBOC or interbank FX market members as the agent, become foreign members directly, or use multiple channels.
To invest in the bond market, foreign banks and institutions may also name the PBOC as the agent, choose an interbank bond market settlement agent or make direct investments.
The PBOC's statements also expounded on business processes for investments.
- 8 good books from London Book Fair you can't miss
- Kobe Bryant's accomplishments by the numbers
- Top 10 Chinese cities with biggest surge in home prices
- Beijing Hutongs revived in watercolors
- China's couple lose same-sex marriage case
- Thank you Kobe, say Chinese fans in countdown to retirement
- 3D printers from China at New York show
- UN takes historic step to open selection of new UN chief
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Duke alumni visit Chinese Embassy
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
Accentuate the positive in Sino-US relations
Dangerous games on peninsula will have no winner
US Weekly
Geared to go |
The place to be |