The People's Bank of China orders interbank-bonds trading clean up

The People's Bank of China orders interbank-bonds trading clean up

David Nealis President of Ceres Ltd

The People's Bank of China ( PBOC) – China’s central bank -- posted a statement on its website ordering all interbank bond trading to be conducted via the National Interbank Funding Centre as part of its clean-up of the market. Clearing agencies can now only settle trades inside the interbank market, and transactions such as forward deals and repurchases cannot be reversed or altered after two parties have come to an agreement.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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