ANNOUNCEMENT 16 May 2017

May 16th, 2017 - The Hong Kong Monetary Authority announced that qualified investors would soon be able to invest in China's bond market with an HK bank account.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Hong Kong Monetary Authority, May 16th 2017. (Joint Announcement of the People’s Bank of China and the Hong Kong Monetary Authority)
http://www.hkma.gov.hk/eng/key-information/press-releases/2017/20170516-5.shtml

Inception date: 03 Jul 2017 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

From the 3rd of July 2017, an agreement from the Hong Kong Monetary Authority and People's Bank of China opened access into the mainland Chinese bond market through HK under the 'Bond-connect' scheme.

'Qualified investors' (central banks, sovereign wealth funds and large financial institutions) were granted the ability to invest in Chinese governement, agency and corporate bonds without having to open a Chinese bank account.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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