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China Interbank Bond Market (CIBM)
China Interbank Bond Market (CIBM)

China Interbank Bond Market (CIBM)


Announced in February 2016, the liberalisation of the Chinese domestic bond market is a further step in opening up financial markets to international investors and encouraging them to invest in Renminbi

The China bond market is the third largest in the world. The CIBM scheme creates a new route for international investors to access onshore bonds, complementing existing QFII and RQFII schemes and “dim sum” bonds traded in Hong Kong.

Under the new scheme, foreign institutions can trade bonds directly through banks holding a Type A licence (such as BNP Paribas).


Download the regulatory memo:



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