Six Things to Know About China’s ‘Southbound Bond Connect’ Program
More than four years after China launched the northbound channel of a bond connect program that allows overseas investors to trade bonds on the Chinese mainland through Hong Kong, the southbound leg was finally launched on Sept. 24.
On the first day of trading, more than 150 deals were made via the Southbound Bond Connect between more than 40 mainland institutional investors and 11 Hong Kong market makers. The transactions covered almost all major types of bonds on the Hong Kong market, with a total volume of about 4 billion yuan ($620 million).
- MOST POPULAR