IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 14 Jul 2015 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On the 14th of July 2015, the People's Bank of China released a circular, informing of the relaxation of restrictions on investments by foreign entities in the interbank bonds market.

The controls were relaxed in three main ways:

Foreign central banks, international financial organisations and sovereign wealth funds would no longer have to wait for prior approval through a lengthy process for each investment. Only a short filing form is now necessary, and investments can go ahead as soon as this is filed. Other types of institution must still go through the old process, however;

Quota restrictions were also removed for the abovementioned types of organisations;

The investment scope is broadened to trading forward contracts, interest rate swaps, and bond repurchases.

The changes came into effect upon the promulgation of the announcement.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.