BEIJING—China’s central bank said it will widen overseas access to its domestic bond market as part of a program to promote the use of its yuan currency in international trade.
The trial program, announced Tuesday, will allow some yuan held offshore to be invested in China’s interbank bond market, where most government and corporate debt trades and which is now largely off-limits to foreign investors. Opening up more channels for overseas investors is a key step in the internationalization of the yuan, a new priority for the Chinese government.
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