BOND CONNECT AMONG MAINLAND AND HONG KONG

Bond Connect among Mainland and Hong Kong

The People’s Bank of China and the Hong Kong Monetary Authority made a joint declaration on 16 May 2017 on their endorsement for the important Mainland and Hong Kong financial infrastructure organizations to work together in setting up mutual bond market access among Hong Kong and the Mainland (Bond Connect).

Bond Connect will empower qualified overseas investors to access, for the first time, the Mainland interbank bond market through infrastructural association among the Mainland and Hong Kong. The advance in the network between market infrastructures will endorse the solid improvement of the bond markets and will in this manner upgrade Hong Kong’s status as a worldwide financial center and the worldwide offshore Renminbi business center point.

Bond Connect will be actualized in stages. Northbound trading will be propelled primary in the underlying stage, permitting Hong Kong and different overseas investors to put resources into the China interbank bond market through shared access among the financial infrastructure establishments in Hong Kong and the Mainland in regard of trading, authority, settlement, and so on. Southbound trading will be look into at the appointed time, enabling Mainland investors to put resources into Hong Kong’s bond market.

Bond Connect will officially dispatch after standards and system advancement have been finished, market members’ practical needs reasonably tended to, relevant regulatory endorsements allowed and all other fundamental arrangements finished.

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