News over the wires on the latest Chinese reforms
– foreign pension funds among entities to be allowed to participate in domestic interbank bond market
– will not impose limit for medium, long-term foreign institutional investors in domestic interbank bond market
The reforms continue and meanwhile more liquidity addition as the fin ministry says they are re-opening an issue of 1-year bonds from Feb 18 to auction a further yuan 20bln on March 2. Secondary trading begins 7 March. Plus it will re-open an issue of 10-year bonds adding another 20bln yuan.