China to launch bond trading link with Bloomberg

China will launch a bond trading link with Bloomberg to provide overseas investors with easier access to its bond market.

[File Photo:VCG]

The preparation is basically ready for a cooperative project between the China Foreign Exchange Trade System and Bloomberg that allows overseas institutions to invest in renminbi-denominated bonds through the latter's terminals, the People's Bank of China said Thursday in a statement.

The cooperation will improve the opening of trading facilities in China's bond market, according to the statement.

China has made continued efforts to open up its bond market, which has attracted more than 1,100 overseas investors from over 40 countries and regions.

Overseas investors held 1.75 trillion yuan (around 250 billion U.S. dollars) of Chinese bonds at the end of August, up 54 percent from a year ago. The volume has increased for 18 months in a row.