
Bloomberg will shore up plans to offer qualified investors access to China’s interbank bond market (CIBM) via its terminal.
The move is part of wider cooperation with the China Foreign Exchange Trade System (CFETS) to give overseas investors better access to its $12 trillion bond market. Bloomberg says there are 325,000 global subscribers to its terminal.
“A growing number of international investors are demonstrating keen interest and participating in China’s bond market via CIBM Direct and Bond Connect,” said Zhang Yi, president of CFETS.
“The Bloomberg terminal has a robust network of the world’s major fixed income market participants, and the firm has deep experience in developing global bond markets.”
Bloomberg chairman, Peter Grauer, hailed the announcement as another milestone in China opening up its financial markets.
Grauer said: “Global investors will be encouraged by the additional access and efficiency to trade in China’s bond market, which will drive further foreign participation. We look forward to working with CFETS and all other parties to advance China’s pace of reform and bond market development.”
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