[2] In 2016 for the first time, medium and long-term qualified foreign institutional investors recognized by People's Bank of China were allowed to invest in the CIBM without quota limits.
[3] And in March 2022, overseas institutional investors made up 2.9 percent of the outstanding volume of bonds under custody in CIBM.
[5] [2] As early as 2010, the People's Bank of China started a pilot program for select overseas participants to invest in the CIBM.
[3] In 2017, Bond Connect was launched, providing greater convenience for overseas investors as well as increase the scope of investable products.
Bond Connect provided overseas investors real-time delivery versus payment as well as access via mainstream international e-trading platforms.