China and Hong Kong launched a long-awaited ‘Bond Connect’ scheme on Monday that links China’s $9 trillion bond market with overseas investors, the latest step in Beijing’s efforts to liberalise and strengthen the country’s capital markets. The early signs bode well for building an active debt market, with more than two billion yuan ($295 million) of bonds purchased in the first 22 minutes of brisk trade. HSBC Holdings and an asset management unit of Bank of China were among the first to complete trades using the scheme. The launch of ...
China, Hong Kong launch bond scheme
Links China's $9-trillion bond market with overseas investors to liberalise country's capital market
China-hong Kong Bond Scheme