MossackFonseca - China’s central bank allowed
individual investors to purchase all types of bonds over bank counters
beginning 14 February 2016. Individuals with annual incomes of more than
500,000 yuan ($76,500), 3 million yuan of financial assets, and over two years
of securities investment experience can now buy
any bonds they like over the counter. Previously, only certificate treasury
bonds were available to individuals.
The
new policy aims to boost the bond market and direct financing. China’s bond market
boomed in 2015 due to government policies aimed at diversifying corporate
financing channels. Approximately 22.3 trillion yuan of new bonds were issued
last year, almost double the sum in 2014.
