Connect with us

Hi, what are you looking for?

Imsilkroad

Hong Kong, mainland studying framework of Southbound Bond Connect

Abstract : The Hong Kong Monetary Authority (HKMA) is studying the framework of Southbound Bond Connect with the People's Bank of China (PBOC), an HKMA spokesperson said Wednesday.

HONG KONG, Dec. 2 (Xinhua) — The Hong Kong Monetary Authority (HKMA)
is studying the framework of Southbound Bond Connect with the People’s
Bank of China (PBOC), an HKMA spokesperson said Wednesday.

The two sides will form a working group to take forward the study and
engage the industry as appropriate, the spokesperson said, adding that
more details will be announced when available.

Launched more than three years ago, Bond Connect links mainland and
Hong Kong markets, granting overseas investors easier access to the
enormous market of the Chinese mainland. The program has won the
recognition of global investors.

“When discussing the features of Southbound Bond Connect with the
mainland authorities, we will consider how best to support the two-way
opening up of the mainland’s financial markets, ensure proper risk
controls, as well as to promote the development of Hong Kong’s bond
market and strengthen Hong Kong’s status as an international financial
center,” the spokesperson said.

Eddie Yue, Chief Executive of the HKMA, said Southbound Bond Connect
will further enhance the mutual access between the capital markets and
facilitate mainland investors’ diversified asset allocation, while
consolidating Hong Kong’s role as the intermediary for capital flowing
into and out of the mainland.

“It will generate enormous opportunities for Hong Kong’s financial services industry,” Yue said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Hong Kong, mainland studying framework of Southbound Bond Connect

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...