Authors: Chong Liew, Simon Zhang

Getting on the “Repo Bond-wagon”

On 24 January 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) published a consultation draft of the Announcement on further supporting offshore institutional investors engaging in bond repurchase business on the China Interbank Bond Market (CIBM). The draft Announcement provides high-level principles on offshore institutional investors accessing the CIBM repo market.