PBoC and HKMA announce Bond Connect scheme
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
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