On 29th of November 2018, People's Bank of China approves China Foreign Exchange Trade System (National Interbank Funding Centre) (hereinafter as CFETS) collaboration with Bloomberg.  Relevant agreements will be signed in prompt manner and system connectivity will be prepared in their best efforts in order to facilitate overseas investors to participate China bond market via CFETS-Bloomberg linkage.

With guidance from People's Bank of China, CFETS makes constant commitment on accelerating China bond market openingup. So far, China Interbank Bond Market attracts more than 1100 global participants from over 40 countries and regions contributing 13 billion Yuan average daily volume with 45% yoy growth, net purchasing 1.27 trillion Yuan with 50% yoy growth, and holding 1.75 trillion Yuan with 54% yoy growth, as which reflects China bond market opening up achievement.

CFETS and Bloomberg connectivity will support CIBM Direct and Bond Connect trading to accommodate overseas institutional investors demand under both channels. Overseas investors via CIBM Direct may send trading instructions from Bloomberg terminal to CFETS system, and agent banks may confirm trading instructions and deal in CFETS system. Overseas investors via Bond Connect may send RFQ (request for quote) messages from Bloomberg terminal to onshore quotation dealers and trades done in CFETS system.

Bloomberg, the global business and financial information and news leader, gives information and electronic trading terminals to major overseas fix income investors. CFETS-Bloomberg collaboration offeringoverseas investors diversified access to China bond market and attracting various global participants will surely exalt internationalization level of China financial market.

Under the leadership of People's Bank of China, CFETS would spare no efforts to implement financial market opening up policies and plans , and commit to build the primary trading venue for Renminbi and relevant products, in order to provide well-established market infrastructure for China bond market opening up and facilitating global investment flow to China bonds.