PBOC & HKMA: To Launch Mutual Bonds Market Access
Beijing | 2nd July 2017
In order to promote the development of the bond markets in Mainland China and Hong Kong SAR, the People’s Bank of China (PBC) and the Hong Kong Monetary Authority (HKMA) have approved China Foreign Exchange Trade System & National Interbank Funding Centre, China Central Depository & Clearing Co., Ltd, Shanghai Clearing House, together with Hong Kong Exchanges and Clearing Limited and Central Moneymarkets Unit to launch mutual bond market access between Hong Kong SAR and Mainland China (Bond Connect).
” Bond Connect: Mutual Bonds Market Access Between Hong Kong and Mainland China “
The PBC and HKMA have agreed on the principles of cross-boundary supervisory cooperation under Bond Connect and have signed the “Memorandum of Understanding between the People’s Bank of China and Hong Kong Monetary Authority on Strengthening Supervisory Cooperation under Bond Connect”
Official Press Release by People’s Bank of China