China

China gives the nod for investors to buy offshore debt via Hong Kong, opening the southbound leg of Bond Connect




Mainland China’s investors will be allowed to buy and sell offshore debt through Hong Kong in a widening of the Bond Connect transborder investment channel that enhances the city’s role as China’s financial centre.

The so-called southbound leg of Bond Connect will take effect from September 24, according to an announcement by the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank.

The much-anticipated opening, hot on the heels of the September 10 launch of the Wealth…



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