22 March 2019

IFC to invest 12 bln yuan in interbank bond market, report says

International Finance Corp. (IFC), the investment arm of the World Bank Group, said on Thursday it will invest 12 billion yuan (US$1.97 billion) in China’s interbank bond market through an agency agreement signed with the People’s Bank of China, news website reported. The agreement allows IFC to buy fixed-income products in the market, the report said. This will enhance the company’s capability to offer renminbi financing to Chinese enterprises in the private sector and promote their development, IFC chief executive Cai Jinyong was quoted as saying.

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