Facebook Twitter 新浪微博 Instagram YouTube Tuesday, May 16, 2017

China approves mainland-HK bond connect program

(Xinhua)    19:34, May 16, 2017

BEIJING, May 16 (Xinhua) -- China Tuesday announced the approval of a bond connect program between the mainland and Hong Kong markets in the latest effort to support the financial hub and accelerate the country's opening up progress.

Investors on both sides will be able to trade bonds on each other's markets, according to a joint statement from the People's Bank of China and Hong Kong Monetary Authority. Northbound trade will be launched first, without caps on investment volume.

The program marked another major move from the central government to support Hong Kong's development and grant overseas capital wider access to the mainland's financial sector.

The launch date remains subject to further notice.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

Add your comment

Related reading

We Recommend

Most Read

Key Words