PBoC and HKMA announce Bond Connect scheme
The current phase only allows overseas institutional investors to invest in China's bond market
The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) have jointly announced details of the long-awaited Bond Connect scheme, which enables overseas institutional investors to trade in mainland China’s bond market.
Bond Connect will start with northbound trading in the initial phrase, allowing only institutional overseas investors (including those from Hong Kong) to invest in China’s interbank bond market. Southbound trading will be explored in due course, the central
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Clearing and settlement
Riksbank offers deposit facility to central counterparties
Measure intends to reduce impact of liquidity shocks in krona-denominated transactions
ECB develops new overnight benchmark rate
The new rate will complement the existing overnight benchmark, Eonia
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, and sources believe it could be added as early as next year
ECB's Cœuré weighs pros and cons of central clearing
Executive board member touts benefits, including multilateral netting of exposures, but also warns that differences in regulation may lead to regulatory arbitrage and race to the bottom
ECB’s Russo: indirect clearing model needs work
Head of payments and market infrastructure at the ECB calls for greater clarity from regulators on the capital treatment of indirect clearing
CLS launches settlement for same-day USD/CAD trades
Settlement risk mitigation firm is due to launch a new settlement session this week for trades settled on a same-day basis
Russia gears up for central securities depository
Russian central securities depository (CSD) could be ready by the end of 2012, although there is more work to be done
Central bank liquidity would help CCPs in distressed situations: BIS paper
BIS weighs in on CCP central bank liquidity access debate
Most read
- Supervisors grapple with the smaller bank dilemma
- Fed policy-makers disagree over risks
- Central bank of the year: Central Bank of Brazil