People’s Bank of China: Deepen financial market reform and accelerate the development of the over-the-counter bond market

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 Titan Media App reported on August 1 that the People's Bank of China held a work conference for the second half of 2022, which required deepening financial market reforms. Accelerate the development of the over-the-counter bond market, and establish and improve a multi-level infrastructure service system such as bond custody, market making, clearing and settlement. Promote the healthy development of bills, gold, currency, and derivatives markets. Optimize the fund management of domestic bond issuance by overseas institutions, unify the fund management policies for the opening of the interbank and exchange bond markets to the outside world, and improve the foreign exchange management policies for the overseas listing of domestic enterprises. Steady progress was made in the pilot program of integrated domestic and foreign currency capital pools for multinational corporations. Strengthen expectations management and macro-prudential management of cross-border capital flows. Improve foreign exchange reserve management capabilities.

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