OTC MARKET NEWS Powered By Quantifi

Central banks approve clearing agencies for bond connect 

May 17, 2017

Enoch Yiu, South China Morning Post

Regulators say that the bond connect scheme will start with northbound trading, allowing foreigners to invest in the mainland bond market

The central banks in the mainland and Hong Kong have approved the clearing agencies in both markets to work with the Hong Kong Exchanges and Clearing on the rules for the bond connect scheme, according to a joint announcement by the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) on Tuesday. The announcement did not include a launch date.

The bond connect would start with northbound trading that will allow international investors to trade in the China Interbank Bond Market, the statement said.

The southbound trading for mainlanders to trade in Hong Kong bonds would come at a later stage.

Read more

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO