Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 11 (Xinhua) — Three major Chinese financial institutions on Monday announced measures to simplify procedures for overseas central banks and similar institutions to open domestic accounts, a latest move to further streamline the country's bond market environment.
The National Interbank Finance Centre said it had eased documentation requirements for opening accounts and accessing relevant networks, noting that both Bond Connect and settlement agency accounts no longer required a letter of commitment to comply with regulatory requirements.
The center expects that the measure will improve the efficiency and convenience of overseas central banks, monetary authorities, international financial institutions and sovereign wealth funds investing in China's interbank bond market.
Shanghai Clearing House and China Central Depository
These coordinated measures will simplify investment procedures in China's bond market and promote high-level external opening-up, industry experts say. –0–
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