First Russian bank gains access to Chinese bond market

People's Bank of China has issued Russia's VTB with a license, granting it access to the local inter-bank bond market

People's Bank of China has issued Russia's VTB (MOEX: VTBR) with a license, granting it access to the local inter-bank bond market, VTB said in a press release.

This is the first time a Russian bank has received such approval from the Chinese regulatory bodies.
"The inter-bank OTC segment of the bond market, regulated by the People's Bank of China, is the most liquid trading floor for debt instruments of most mainland Chinese issuers," VTB said.

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