New bond connect information platform launched in support of Greater Bay Area initiatives
- Hong Kong Exchanges and Clearing launches bond connect platform to bolster trade in newly-issued mainland bonds
Hong Kong Exchanges and Clearing launched a new bond connect information platform on Friday to make it easier for international investors to trade Chinese bonds, reflecting the first move to enhance the cross border trading scheme since Beijing announced the “Greater Bay Area” project blueprint on Monday.
Launching the new cross-border investment scheme and enhancing the existing stock and bond connect schemes are among the major proposals in the Greater Bay Area project.
“The bond connect has grown fast since its launch in July 2017. The new platform launch today works like a bond issuance connect, which would make it easy for international investors to trade the newly issued bonds,” said Charles Li Xiaojia, chief executive of HKEX, at a ceremony to introduce the new platform on Friday.
HKEX and the Shanghai Stock Exchange launched the first stock connect in 2014. The Shenzhen Stock Exchange joined in 2016 and the north bound bond connect was launched in 2017.
The new primary market information platform will connect global bond connect investors and support bond issuance information through a centralised portal in a timely manner.
