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Given the slow global economic recovery and the negative interest rate environment, the renminbi bonds with stable and relatively high yield are attracting more and more foreign investors.
HKEX is working closely with regulators on a southbound leg of the Bond Connect programme to expand Chinese investors access to global bond markets.
SHANGHAI: Hong Kong Exchanges and Clearing (HKEX) is working closely with regulators on a southbound leg of the Bond Connect programme to expand Chinese investors access to global bond markets, the bourse operator s chief executive said on Friday.
Nicolas Aguzin s comments, made in a speech to an online summit, come after Hong Kong Chief Executive Carrie Lam said she looked forward to the early implementation of the southbound Bond Connect, in a speech to the British Chamber of Commerce on June 17.
for the first time in its modern history, China s current account balance for the first half of the year had turned into a deficit. And while the full year amount reverted back to a modest surplus, it was only a matter of time before one of the most unique features of China s economy - its chronic current account surplus - was gone for good.
Then, a few months later also in 2018, UBS wrote that the upcoming loss of China s current account cushion would soften domestic activity, which coupled with the emerging US-China trade war, would mean that
for the first time in 25 years, China would have to make a choice between external stability and growth. This was followed by the Wall Street s Journal bringing attention to this topic, calling it a tectonic shift in China s economy, which has largely gone unnoticed by investors, and which is quietly beginning to upend the global financial system.
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SHANGHAI, March 17 (Reuters) - China is getting close to a southbound leg for its Bond Connect programme, the general manager of the programme’s joint venture operator said on Wednesday, as authorities seek to ease capital inflow pressures behind a soaring yuan.
A southbound leg would give Chinese investors access to foreign bond markets through the scheme. A northbound leg launched in July 2017 eased foreign access to Chinese bonds.
“Southbound trading will happen when northbound trading is extremely successful, insofar as we see so much ‘capital in’ that there will be need for ‘capital out’,” Julien Martin, general manager of Bond Connect Co. Ltd, told an online briefing.