Mainland, HK to join on bonds

The Chinese mainland and Hong Kong will work together in the bond market to facilitate foreign investors' bonds purchases, said the chief executive of the Hong Kong Monetary Authority.

Norman Chan, chief executive of the HKMA, said the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect showed that the stock market link between the mainland and Hong Kong has been built, and their next work is to study the bond market connect.

"The scale of domestic bond market has been more than 60 trillion yuan ($8.94 trillion), and the proportion of foreign investors is less than 2 percent, so there's great potential," said Chan.