China, Hong Kong confirm Bond Connect Northbound trading begins Monday
The central banks of China and Hong Kong on Sunday said non-mainland investors can start trading Chinese corporate bonds in a trial beginning on Monday, confirming a calendar entry that appeared on the "Bond Connect" programme website late on Friday. The announcement coincides with the 20th anniversary of the resumption of Chinese rule in Hong Kong, and marks China's latest measure to open up its capital markets.
"The launch of the Bond Connect marks the strong commitment of the Chinese government to further open up its markets," Tan said in emailed comments. "We are positive that the scheme will be well-received by the market and report good momentum when it is launched."