Finance: China considers allowing foreign governments to issue yuan-denominated bonds

China's Finance Minister Xie Xuren, said China is considering allowing qualified foreign governments to issue yuan-denominated bonds on domestic capital market.

"We are actively doing researches on bond issuance of foreign governments in China," Xie made the comment at the first China-Japan high-level economic dialogue held in Beijing.

China allowed international development organizations to issue yuan-denominated bonds on the domestic capital market in 2005.

The International Financial Corporation (IFC) and the Asian Development Bank (ADB) were among the first of the multilateral financial institutions approved by China's cabinet to issue the bonds.