BEIJING, June 20 (Xinhua) -- The People's Bank of China (PBOC) Shanghai Head Office has recently issued a document to simplify the information collection and filing requirements for overseas investors entering the China inter-bank bond market.
This move is an important measure to implement the opening of the financial market and optimize the business environment, which will help better facilitate foreign investment in the Chinese interbank bond market.
Specifically, qualified overseas investors shall apply for the filing with the PBOC Shanghai Head Office and fill in the forms required.
Earlier, if the inward investment principal of a foreign institutional investor within nine months from the date of filing completion is less than 50 percent of the planned investment scale, the information such as the planned investment scale shall be resubmitted.
Now, the above stipulation has been cancelled. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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