China is inviting in more retail investors to its Rmb33.5tn ($5tn) government bond market, in a bid to deepen liquidity while also boosting the sale of bonds that are fuelling a rebound in the world’s second biggest economy this year.
The ministry of finance in Beijing said on Monday that it would extend the period during which individual investors can buy savings bonds from the usual 10 days to the entire month of April.
The move comes as the country seeks to give ordinary Chinese people more options for investing their savings, following a government clampdown last year on runaway growth in wealth management products.
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