The Southbound Bond Connect is an arrangement that allows institutional investors in mainland China to invest in the Hong Kong bond market "through connection between the Mainland and Hong Kong financial infrastructure services institutions," according to the joint announcement by the People's Bank of China and the Hong Kong Monetary Authority on Sept. 15.
HKMA Deputy Chief Executive Edmond Lau described the opening as a "major breakthrough" which completes the two-way opening of China's bond market through Hong Kong. "I think the biggest benefit would be that it helps significantly enlarge the investor base of our Hong Kong bond market," Lau told CNBC's Emily Tan.
"Mainland investors, they have very high savings rate and they have a need to diversify their risk and asset portfolio and therefore, this is really a good direct and also convenient channel for them to invest into the offshore bond market through Hong Kong," he said. The Southbound Bond Connect is one of multiple "connect" programs that link the mainland markets with Hong Kong. Other similar programs include the Stock Connect, which allows investors in the mainland to trade some stocks in Hong Kong, while also allowing foreign investors to access Shanghai and Shenzhen listed shares in the mainland.
I am a graduate student at Columbia University.I got my bachelor degree and graduated from USC.But just because I was a transfer student from HIT WEIHAI to USC, my U.S visa was revoked under P.P.10043 which should be modified or canceled,It is unreasonable. Best wishes to you.
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