Bond trading link is coming
Overseas investors are pinning high hopes on the first trading link for bonds between the mainland and Hong Kong, as the government makes the final preparations for the mega scheme that makes its $10 trillion mainland debt market more accessible.
Though regulators have not explicitly revealed when the long-anticipated "Bond Connect" will officially begin, it is expected to be announced and launched as soon as July 3, as a fitting tribute to the 20th anniversary of Hong Kong's return to the motherland.
Echoing remarks from Zhang Xiaohui, assistant governor of the People's Bank of China, that bond connect is "technically ready" at the moment, Hong Kong Exchanges & Clearing (HKEx) Chief Executive Li Xiaojia said on Thursday in Hong Kong that everything is all set except a final push.
