Market seeks details of PBoC plan to open onshore repo trading
Traders welcome the move but want clarity on legal and collateral issues
Market participants have welcomed the opening of China’s onshore repo market to more foreign investors, but questions remain about how it will function in practice.
The People’s Bank of China (PBoC) is looking to expand access to onshore repo to all foreign institutional investors that have access to China’s interbank bond market, according to a consultative notice released on January 24. The onshore repo market had previously been limited to a handful of offshore participants such as sovereign
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