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
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.
Share with us your feedback on BT's products and services