China central bank anounces bond market maker entry requirements |
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Published
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Thu, 11 Jan 2007 07:35
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BEIJING (XFN-ASIA) - China has set new rules codifying entry requirements for bond market makers, the central bank said in a statement.According to the rules, to take effect on Feb 1, financial institutions active in bond trading with over 1.2 bln yuan in registered capital can apply for market maker status.Previously the central bank approved market makers on a case-by-case basis.Fifteen institutions currently have market maker status on the bond market.juan.chen@xfn.com
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China yuan central parity rate set at 7.8081 to dollar vs 7.8078 