Group 1 - The Hong Kong Securities and Futures Commission (SFC) announced several measures to optimize and expand the Bond Connect program, including the inclusion of brokers, insurance companies, wealth management, and asset management firms in the southbound trading scheme [1] - The offshore RMB bond repurchase business will be optimized, allowing bonds to be reused as collateral during the repurchase period, enhancing the flexibility and capital efficiency for international investors holding onshore bonds [1] - The SFC's focus for this year includes the development of the fixed income and money markets, with a particular emphasis on the RMB fixed income market, as discussions around the dominance of USD assets have intensified [1] Group 2 - The People's Bank of China (PBOC) plans to introduce multiple measures to further deepen the interconnection between the mainland and Hong Kong financial markets, supporting the development of the offshore RMB market [2] - Measures include improving the operational mechanism of the southbound Bond Connect, supporting more domestic investors to invest in the offshore bond market, and expanding the team of quote providers for the swap connect [2] - The PBOC will also broaden the application scenarios for offshore repurchase agreements, allowing for transactions in multiple currencies including USD, EUR, and HKD [2]
香港证监会：扩大债券南向通参与机构范围 丰富离岸回购应用场景
智通财经网·2025-07-08 03:25