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The headquarters of People's Bank of China, Beijing, China, December 1, 2022. /CFP
China's central bank and foreign exchange regulator jointly issued a policy guide on Friday to improve the management requirements for domestic bonds issued by overseas institutions.
The move is to further facilitate overseas institutions to raise funds in China's bond market, in a way to promote the opening-up of its financial market, according to a notice posted on the central bank's website.
The country will unify its management rules for bonds issued by overseas issuers, according to the guidelines.
The funds raised by those bonds can be either kept domestically or used overseas, it added.
The rules will take effect from January 1, 2023.
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