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bond market

China opens bond market to foreign investors

BEIJING: China will allow foreign investors direct access to its massive bond market from Monday, the Chinese central bank said. A platform allowing one-way "northbound" investments from Hong Kong into the Chinese bond market will go into "experimental operation" on July 3, the People's Bank of China and the Hong Kong Monetary Authority said in a joint statement on Sunday, which came as Hong Kong marked the 20th anniversary of its handover to China by Britain. Access to the market will be restricted to "qualified…