China Opens Interbank Bond Market Wider to Foreign Buyers

China issued new rules making it easier for big international investors to access its $5.7 trillion interbank bond market, a step forward toward opening its capital market as it seeks to promote the yuan as a reserve currency.

China local government debt risks controllable: c. bank governor

BEIJING (Reuters) - Risks from local government debt are controllable and slower price rises make China's anti-inflation campaign less urgent, but Beijing needs to be ready to use "appropriate policy instruments" to deal with external shocks, China's central bank governor told state media in an interview published on Sunday.