The People’s Bank of China Further Opens the Interbank Bond Market to Foreign Institutional Investors


On 17 February 2016, the People’s Bank of China (“PBC”) issued Announcement [2016] No.3 (“Announcement”), to further promote the opening-up of the interbank bond market. With the Announcement, the PBC allows more foreign institutional investors access to the interbank bond market, and encourages foreign institutional investors to invest in the interbank bond market. According to the Announcement, foreign entities approved by the PBC, such as pension funds, charity funds, donation funds and other medium and long-term institutional investors, are allowed to invest in the inter-bank bond market.

The new regulations are available at

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