Hong Kong, China regulators approve 'Bond Connect' scheme
Initially only foreign and HK investors will be able to trade Chinese bonds; there'll be no quota for such investments
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Hong Kong
HONG Kong and Chinese regulators said on Tuesday they had formally approved a long-awaited scheme to connect China's US$9 trillion bond market with overseas investors, another key step in the opening up of China's capital markets.
Plans for a "Bond Connect" programme have been in the works since Beijing launched a scheme allowing two-way trading between the Hong Kong and Shanghai stock markets in 2014, but the authorities have provided few details on the mechanics or the timeline.
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