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Deepen Financial Market Opening - PBOC

MNI (Singapore)

The People’s Bank of China will promote the institutional opening of the financial market in a steady and orderly manner, according to an article published on its website. The central bank will further improve market access, increase yuan asset liquidity, enrich risk hedging tools, improve foreign exchange transaction convenience, and better meet asset allocation and risk management needs of global investors. Authorities will also support more overseas central banks, international development institutions, multinational enterprises to issue panda bonds.

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