`Bond Connect' approval opens China's market further

Following the Stock Connect scheme, Bond Connect aims to become the most convenient channel for foreign institutional investors to enter the Chinese fixed income market, industry sources said.

The cross-border bond trading programme was formally approved by the People’s Bank of China (PBoC) and Hong Kong Monetary Authority (HKMA) yesterday, according to a joint-statement. In the first stage, only Hong Kong and overseas institutional investors are allowed to trade bonds without quota restrictions in the China Interbank Bond Market (CIBM). The over-the-counter market accounts for 95% of total bond trading volume in China.

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Source:http://www.fundselectorasia.com/news/1035910/-bond-connect-approval-chinas-market