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BEIJING, May 31 (Xinhua) -- China's central bank Wednesdayissued draft rules on overseas investment in the mainland interbankbond market via the mainland-Hong Kong bond connect program.

Qualified overseas investors can buy an unlimited amount ofbonds in the interbank bond market either with Chinese yuan orforeign currencies, according to the draft rules released by thePeople's Bank of China (PBOC), which are open for public commentuntil June 7.

China approved a bond connect program between the mainland andHong Kong earlier this month, allowing investors from both sides totrade bonds on each other's interbank markets.

Overseas investors should register the bonds they purchase underqualified overseas trusteeship bodies, which have accounts inmainland counterparts.

The PBOC and other regulatory bodies have the right to retrievethe data of overseas investors investing in the mainland interbankbond market, according to the draft rules.

The central bank will supervise the process and work withwatchdogs of other countries and Hong Kong to protect investorinterests and counter money laundering, according to the draftrules.