PBoC widens offshore bond trading for Chinese investors
Large banks will be able to deal in foreign bonds via Hong Kong under new scheme
China will open a long-awaited channel for domestic institutional investors to trade foreign bonds, China and Hong Kong’s central banks announced on September 15.
The new facility will allow Chinese firms qualified as primary dealers to trade foreign bonds via Hong Kong. Trading is set to begin on September 24.
The new facility will be the “southbound” leg of “Bond Connect”, a scheme that Hong Kong and China set up in 2017. The existing “northbound” leg grants access to Chinese fixed income
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