HK exchange to work quickly to build China bond connect: CEO
Investors will get more access to yuan assets; concept will be similar to Shanghai-HK stock connect
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Hong Kong
THE operator of Hong Kong's stock exchange said on Tuesday it will "work very quickly" on a plan to link bond markets in China with those in the Asian financial centre, giving global investors more access to yuan-related assets.
The concept would be similar to a landmark programme which connected the Hong Kong and Shanghai stock markets in 2014, said Charles Li, chief executive of Hong Kong Exchanges and Clearing (HKEx). The plan would allow global banks to further develop offshore yuan interest rate products, Mr Li said. "So we probably will work very quickly, trying to build a bond connect in a similar fashion and manner to the stock connect," he said.
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