Money

China lets banks trade bonds on exchanges

(Agencies)
Updated: 2010-10-27 17:38

Listed banks in China will be allowed to trade bonds on exchanges, the country's securities regulator said on Wednesday, ending a 13-year ban,Reuters reported.

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The China Securities Regulatory Commission said on its website that it was an important move to improve efficiency of the country's bond market and that the resumption of exchange trading of bonds for banks would be done on a trial basis.