Rules aim to increase investment in bonds

Draft rules aimed at facilitating overseas investment in China's bond market－the world's second-biggest－were published on Wednesday in an effort to open up and bolster domestic financial markets.

A statement jointly issued by the People's Bank of China, the China Securities Regulatory Commission and the State Administration of Foreign Exchange seeking public opinion on the draft rules said application procedures for foreign bond investors will be simplified and rules for various investment channels unified.

China's central bank, the securities watchdog and the foreign exchange regulator will jointly supervise such investment according to their own responsibilities and share information and data with each other in order to improve market transparency and jointly maintain a sound market environment, it said.

The solicitation of public opinion will end on Oct 1.