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China May Open HK Bond Market for Domestic Investors

CHINA PRESS
MNI (Singapore)

The opening of the southbound link of China's Bond Connect scheme, which will give mainland investors a new outbound channel to buy bonds in Hong Kong, may be expected as the country steadily pushes forward the two-way opening of its financial market, the China Securities Journal reported. The PBOC and FX regulator will have a series of new measures centered on the high-level opening of capital accounts to balance cross-border capital flows, the newspaper cited Guan Tao, chief economist of BOC International as saying. The newspaper reported last December that the PBOC is discussing a framework of the southbound link with the Hong Kong Monetary Authority.

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