Hong Kong Exchanges and Clearing (0388) Chief Executive Nicolas Aguzin said the number of bond connect products surged 10 times compared with the beginning and the stock exchange will launch more products and services. At the Bond Connect Anniversary Summit 2021, Aguzin said the Bond Cconnect has exceeded expectations and has become a channel for international investors to enter the world’s second-largest bond market. As for southbound Bond Connect, he added that the bourse will continue to cooperate with regulators to expand to make it easier for mainland investors to invest in the international bond market. The role of Hong Kong is becoming more important as Hong Kong has both China and international markets and connectivity and the largest offshore yuan pool. During the year, the turnover of Bond Connect reached 2.5 trillion yuan, which also increased by 31percent year-on-year.

Source: The Standard July 02, 2021 05:15 UTC