ChinaUS EUROPEASIA 中文双语Français
China\HK Macao Taiwan

'Northbound' mainland-Hong Kong bond connect to operate Monday

Xinhua | Updated: 2017-07-02 09:33

BEIJING -- Qualified overseas investors will be able to invest in the Chinese mainland interbank bond market via the mainland-Hong Kong bond connect program starting Monday, an official statement said Sunday.

Relevant law and regulation, business rules, operation scheme, and regulatory arrangements have already been determined, while the technical system is also in place, according to the joint statement by the People's Bank of China and Hong Kong Monetary Authority.

The "northbound" bond connect, which allows qualified overseas investors buy bonds in the mainland interbank bond market either with Chinese yuan or foreign currencies, will be operating on a trial basis, according to the statement.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US