China To Open The Bond Market Wider To Overseas Investors-Official

China will further open up its bond market to international investors while improving macro-prudential management, strengthening supervision of cross-border capital flows, and conducting real-time monitoring of the market, Pan Gongsheng, deputy governor of the People’s Bank of China wrote in an article published in the official China Finance magazine. It will also build a systemic risk monitoring, assessment and early warning mechanism to ensure financial security, said Pan. By the end of May, foreign investors held CNY3.74 trillion of Chinese bonds, up CNY2.81 trillion from five years ago before the launch of the Bond Connect Scheme with Hong Kong, according to the article.