The People’s Republic of China (PRC) capital market adheres to the principle of financial business segregation. Debt securities denominated and traded in CNY are exclusively reserved for mainland resident investors, with the exception Qualified Foreign Institutional Investors (QFIIs). Domestic institutional and individual investors are allowed access to specific markets and financial instruments. A summary of investor restriction is below.

The People’s Bank of China issued several regulations in 2004 to allow trading of corporate and financial bonds in the interbank market. These are at the links below.