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.