China's central government recently announced a series of new policies to further open up the finance sector. The central bank, the People's Bank of China, expanded on these policies Saturday, saying they would allow foreign institutions to rate all types of bonds in the interbank, and exchange bond markets, when they conduct credit ratings business in China. It added that the policies would help overseas institutional investors invest in the interbank bond market, and allow foreign institutions to obtain an A-class principal underwriting license for the interbank bond market.

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