Exclusive: Bond Connect Trading of Offshore Yuan Bonds Won’t Affect QDII Quotas
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Proceeding with the Bond Connect program's expansion without using new participants’ QDII quotas would broaden the investor base, analysts said.
For four types of institutions set to join the southbound leg of China’s Bond Connect program, purchases of offshore yuan-denominated bonds will be allowed without using their Qualified Domestic Institutional Investor (QDII) quotas, Caixin has learned.
Under a planned expansion, Chinese mainland-based securities, insurance, mutual fund and wealth management firms will be allowed to invest in the Hong Kong bond market through the connect program, the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority jointly announced in July.
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