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Foreign investors will be able to buy bank bonds in China via Hong Kong

Foreign investors will be able to enter the interbank bond market of China through a special connection from Hong Kong within a pilot program that will begin tomorrow, Monday.

Beijing, July 2 (EFE) .- Foreign investors will be able to enter the interbank bond market of China through a special connection from Hong Kong, within a pilot program that The mechanism will allow qualified investors to operate in both directions between China and Hong Kong in both yuan and foreign currencies, Jointly by the People's Bank of China (central) and the Hong Kong Monetary Authority.

However, the "northern connection" - from Hong Kong to China - Technicians, while the "southern connection" will be launched at a date not yet specified.

Qualified operators, such as central banks, International financial organizations, commercial banks, insurance companies, brokerage firms or fund managers.

They may invest in bonds traded on the Interbank market, such as treasury or local government bonds, commercial or corporate bank bonds, or asset backed securities.

The monetary authorities of Beijing and Hong Kong have agreed on a series of measures to inform foreign investors about Chinese financial regulations.

This mechanism is the latest step in a series of measures implemented in The last few years to increase China's financial opening through Hong Kong.

Thus, in November 2014 a connection between Hong Kong and Shanghai exchanges began, while That a similar connection between the Shenzhen and Hong Kong stock exchanges was initiated in December 2016.

Both mechanisms allow investors in these exchanges to buy securities of certain Companies listed on the other market, although with a limited daily maximum volume.

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