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Hong Kong, China regulators approve bond trading link

Reuters  |  HONG KONG 

By Michelle PriceHONG KONG (Reuters) - In another step to open up China's capital markets, Hong Kong and Chinese regulators formally approved a long-awaited scheme to connect China's $9 trillion bond market with overseas investors.The so-called Bond Connect programme has been in the works since Beijing launched a similar scheme connecting Hong Kong and Shanghai stock markets in 2014.Overseas investors have other avenues to buy Chinese debt and currently hold just 2 percent of onshore bonds, a relatively low level that reflects concerns about capital controls and the stability of the yuan that ...

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First Published: Wed, May 17 2017. 14:08 IST