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China opens interbank bond market to foreign institutional investors

Foreign institutional investors (FIIs) in China will soon be able to invest in the domestic interbank bond market. A trial will be launched on 1 September 2020 to allow FIIs to use a direct trading service operated by the National Interbank Funding Center (NIFC). NIFC, also known as the China Foreign Exchange Trade System (CFETS), is a sub-institution directly affiliated…

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