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CN Reportedly Mulling Expansion of Southbound Bond Connect to Non-Bank Financial Firms w/ Extra RMB500B Quota
China is weighing the expansion of the scale of the Southbound Bond Connect to RMB1 trillion, providing non-bank financial institutions with an annual quota of up to RMB500 billion...
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CN Reportedly Mulling Expansion of Southbound Bond Connect to Non-Bank Financial Firms w/ Extra RMB500B Quota
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China is weighing the expansion of the scale of the Southbound Bond Connect to RMB1 trillion, providing non-bank financial institutions with an annual quota of up to RMB500 billion to broaden domestic investors' channels for purchasing overseas bonds, Bloomberg reported.

Chinese financial regulators are reportedly in preliminary discussions regarding the plan, subject to the approval from relevant regulators. It is projected that China's largest mutual funds will be among the companies eligible for the new quota.

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The People's Bank of China and the Hong Kong Monetary Authority have not commented on the report, and the Bond Connect Anniversary Summit will be held today (8th) in Hong Kong. However, there are purportedly no signs so far of any new announcements regarding the Southbound Bond Connect at that time.

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