CIBM definition

CIBM means the China interbank bond market.

CIBM means China interbank bond market

CIBM means the China Interbank Bond Market, or any successor.

Examples of CIBM in a sentence

• The Fund is a CIBM Fund and may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the CIBM via the Foreign Access Regime and/ or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.

• In the event that the relevant Mainland Chinese authorities suspend account opening or trading on the CIBM, the Fund’s ability to invest in the CIBM will be adversely affected.

• Pursuant to the “Announcement (2016) No 3” issued by the PBOC on 24 February 2016, foreign institutional investors can invest in the CIBM (the “Foreign Access Regime”) subject to other rules and regulations as promulgated by the Mainland Chinese authorities such as the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE).

• Market volatility and potential lack of liquidity due to low trading volume of certain debt securities in the CIBM may result in prices of certain debt securities traded on such market fluctuating significantly.

• Furthermore, sub-funds investing in the CIBM via Bond Connect may be subject to risks of delays in the order placing and/or settlement systems.

• As such, the Fund is subject to the risks of default or errors on the part of such third parties.Investing in the CIBM via Foreign Access Regime and/or Bond Connect is also subject to regulatory risks.

• Such rules and regulations may be amended from time to time and may have a retrospective effect.Under this scheme, foreign institutional investors (such as the Fund) can trade in the CIBM directly through onshore settlement agents (i.e. banks) in the PRC who will be responsible for making the relevant filings and account opening with the relevant authorities.

• Bond Connect risksThe CIBM has opened up to global investors through the Mainland China-Hong Kong mutual access program called Bond Connect.

• The bid and offer spreads of the prices of such securities may be large, and the Fund may therefore incur significant trading and realisation costs and may even suffer losses when selling such investments.To the extent that the Fund transacts in the CIBM, the Fund may also be exposed to risks associated with settlement procedures and default of counterparties.

• The CIBM is in a stage of development and the market capitalisation and trading volume may be lower than those of the more developed markets.

More Definitions of CIBM

CIBM means the PRC interbank bond market which is managed and operated by CFETS and regulated by PBOC;

CIBM means the China interbank bond market, which is the over-the-counter market for bonds issued and traded in the PRC. A new scheme (the “CIBM Initiative”) was launched in 2016 to open up CIBM to eligible foreign institutional investors to access onshore bonds directly. Under the CIBM Initiative, foreign institutions can trade bonds directly through onshore settlement agents (i.e. banks) in the PRC. There are no specific quota limits imposed on the foreign institutional investor.”