State-backed China Government Security Depository Trust and Clearing expressed interest following the launch of the Hong Kong-Shanghai Stock Connect in establishing a bond connect scheme, South China Morning Post reported, citing unnamed sources. Such a scheme linking offshore and onshore bond markets would give foreign investors more access to the mainland’s debt market. Consultation about the framework for a bond trading link began after the state-backed clearing house expressed interest, with the Treasury Markets Association having already submitted a proposal and the Asia Securities Industry & Financial Markets Association currently working on another.
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Groups submitting bond connect proposals to mainland clearing house
State-backed China Government Security Depository Trust and Clearing expressed interest following the launch of the Hong Kong-Shanghai Stock Connect in establishing a bond connect scheme, South China Morning Post reported, citing unnamed sources. Such a scheme linking offshore and onshore bond markets would give foreign investors more access to the mainland’s debt market. Consultation about […]