BEIJING, Feb. 10 (Xinhua) -- Chinese central bank, the People's Bank of China (PBOC), will further unify together with related regulators the access standard and procedures of the interbank bond market and exchange bond market in China, reported Xinhua Finance citing Ai Ming, deputy head of PBOC's International Department Wednesday.
The PBOC official made the remarks at a news briefing on green finance held by the State Council Information Office Tuesday, saying the move aimed to allow foreign investors to entrust qualified custodian banks in China to take custody of their assets directly or through their custodian banks abroad.
What's more, PBOC will continue to optimize related policies and rules to align them with their international counterparts to further improve China's financial opening-up and provide a more convenient and friendly investment environment for international investors.
China's green finance market remains rather attractive to foreign investors caring much for green bond standards and climate information disclosure issues, which are the focus of work for PBOC in the next step, said Ai.
Currently, the Chinese central bank is drafting the Sino-Europe green finance joint standards jointly with European partners, which are expected to vigorously propel ahead coordinated development of green finance market and boost cross-border investment.
Regarding information disclosure, PBOC will further optimize disclosure requirements on environment and climate information for financial institution to increase the accessibility and accuracy of environmental, social and governance (ESG) data of enterprises and financial assets, which will facilitate foreign investors' participation in China's green finance market. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
