China gives QCB green light to enter interbank bond market

April 21, 2014 12:04 am

The People’s Bank of China has announced that the Qatar Central Bank will be allowed to enter China’s interbank bond market, Gulf Times has reported. This comes after a deal was signed between the two central banks allowing the QCB to purchase Chinese bonds for its foreign-exchange reserves, although the PBOC didn’t say when the agreement will come into effect.