Free Trial

MNI BRIEF: Swap Connect Quotas Currently Sufficient - PBOC

MNI (Beijing)

Mainland China and Hong Kong authorities see swap connect quotas as currently sufficient, but could increase in the future should conditions change, Zhou Yu, head of the PBOC International Department told reporters on Wednesday.

Zhou said China was constantly exploring new measures to make investor activities more convenient when using market interconnection programmes, and would work to optimize cross-border wealth management links between Guangdong-Hong Kong-Macao Greater Bay Area.

China will likely increase stock market regulation, such as tighter IPO rules and strengthened law enforcement, to create a fairer trading environment and restore investor confidence, which could push A-shares up 50%, a policy advisor recently told MNI in an interview. (SEE: MNI INTERVIEW: China To Strengthen Stock Market Oversight)

MNI Beijing Bureau |
MNI Beijing Bureau |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.