BEIJING (Reuters) – China’s central bank issued rules on Friday to lure foreign institutional investors into the country’s bond market, expanding currency hedging channels and making it easier for foreign investors to repatriate funds.
China will unify its rules on cash accounts and cash payments for foreign investors and improve the way it manages foreign exchange sales and purchases for foreign investors, according the rules published on the central bank’s website.
(Reporting by Beijing newsroom, Ellen Zhang and Kevin Yao; Editing by Raissa Kasolowsky)
