EDB Receives Access to China’s Interbank Bond Market
The Eurasian Development Bank (EDB) has obtained a license to operate in China’s interbank bond market (China Interbank Bond Market, CIBM), according to information published by the People’s Bank of China on June 22.
The CIBM is one of the largest bond markets in the world. According to data from the Bank for International Settlements and the People’s Bank of China, the market has more than 160 trillion yuan (approximately US$22 trillion) in outstanding bonds.
The license grants the EDB direct access to the Chinese bond market, enabling the bank to conduct transactions involving government, corporate, and other debt securities.
The development is expected to expand the EDB’s access to financial instruments in one of the world’s largest capital markets and strengthen its ability to operate in the Chinese financial sector.
Photo credit: Eurasian Development Bank
