China interbank bond market
E862118
The China interbank bond market is the country’s primary wholesale bond trading venue where financial institutions trade government, policy bank, and high-grade corporate bonds, and which serves as the main gateway for foreign investors accessing China’s onshore fixed-income assets.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
bond market
ⓘ
financial market ⓘ interbank market ⓘ |
| accessType | institutional investors only ⓘ |
| allowsProgram |
Bond Connect
NERFINISHED
ⓘ
China Interbank Bond Market Direct (CIBM Direct) NERFINISHED ⓘ |
| clearingInstitution |
China Central Depository and Clearing Co., Ltd.
NERFINISHED
ⓘ
Shanghai Clearing House NERFINISHED ⓘ |
| country | China ⓘ |
| dominantSegmentShare |
majority of China's bond outstanding
ⓘ
majority of China's bond trading volume ⓘ |
| foreignAccessMechanism |
Bond Connect
NERFINISHED
ⓘ
CIBM Direct NERFINISHED ⓘ |
| investorTypeRestriction | qualified institutional investors ⓘ |
| languageOfDocumentation | Chinese ⓘ |
| mainParticipant |
commercial banks
ⓘ
foreign institutional investors ⓘ fund management companies ⓘ insurance companies ⓘ policy banks ⓘ securities firms ⓘ trust companies ⓘ |
| marketStructure | over-the-counter ⓘ |
| primaryAssetClass | fixed income ⓘ |
| primaryFunction | wholesale bond trading venue ⓘ |
| regulator |
China Foreign Exchange Trade System
NERFINISHED
ⓘ
National Association of Financial Market Institutional Investors NERFINISHED ⓘ People's Bank of China NERFINISHED ⓘ |
| regulatoryFramework | People's Bank of China rules for interbank bond market ⓘ |
| riskManagementFeature | centralized clearing for selected products ⓘ |
| roleInChina |
largest onshore bond trading venue
ⓘ
main gateway for foreign investors to China onshore fixed-income assets ⓘ |
| segmentOf | China bond market ⓘ |
| settlementCurrency | Chinese yuan ⓘ |
| settlementCycle |
T+0
ⓘ
T+1 ⓘ |
| timeZone | China Standard Time ⓘ |
| tradedInstrument |
asset-backed securities
ⓘ
commercial paper ⓘ financial bonds ⓘ government bonds ⓘ high-grade corporate bonds ⓘ local government bonds ⓘ medium-term notes ⓘ negotiable certificates of deposit ⓘ policy bank bonds ⓘ |
| tradingSystemOperator | China Foreign Exchange Trade System NERFINISHED ⓘ |
| typicalTradingMethod |
bilateral quotation
ⓘ
electronic trading platform ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.