Foreign central banks can soon repo Chinese bonds, PBoC says
Experts say move is likely to increase monetary authorities’ demand for Chinese debt
China’s central bank will create a repurchase arrangement for foreign central banks to offer them greater access to renminbi liquidity, in a move experts say is likely to boost sovereigns’ appetite for Chinese debt.
Speaking at China’s flagship annual finance forum in Shanghai on June 17, People’s Bank of China governor Pan Gongsheng also announced other measures related to its interest rate framework. Pan said these adjustments were aimed at continuing the PBoC’s transition to a “price-based”
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