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The PBOC will continue to advance the...>

CHINA PRESS
CHINA PRESS: The PBOC will continue to advance the opening of the bond market
and also encourage engagement with international ratings agencies, according to
a PBOC official quoted by the Shanghai Securities News. 
-The newspaper quoted the official as saying that China's ratings system lags
behind international standards and needed to be enhanced if it was to win
international recognition. The official said China should study when to allow
foreign financial institutions to fully participate in repurchases of bonds, and
advance the use of yuan-denominated derivatives. 
- The debut of China's bond market on the Bloomberg Barclays Global Aggregate
Index on Monday is expected to force further reform, and the lack of trading
mobility of bonds need to be resolved, the newspaper said.

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