Core Insights - The Hong Kong Securities and Futures Commission (SFC) is focusing on enhancing the development of the fixed income and currency markets to strengthen Hong Kong's position as a global offshore RMB business hub [1][2] Group 1: Achievements of Bond Connect - The Bond Connect has seen remarkable growth over the past eight years, with significant expansion in the use of onshore bonds as collateral in Hong Kong [1] - As of now, the scale of onshore government bonds accepted as collateral by Hong Kong's OTC clearing companies has reached 30 billion RMB [1] Group 2: New Measures and Market Dynamics - The People's Bank of China and the Hong Kong Monetary Authority announced new measures to optimize and expand the Bond Connect, which will inject strong momentum into the market [2] - The new measures include expanding the eligible investor base for the Southbound Bond Connect and optimizing offshore RMB bond repurchase operations [2] Group 3: Strategic Directions - The SFC is pursuing three strategic directions: 1. Enriching product supply to solidify the primary market foundation, with the offshore RMB bond issuance exceeding 1 trillion RMB in 2024, a 37% year-on-year increase [3] 2. Enhancing secondary market liquidity by supporting the development of diverse derivatives and promoting the establishment of an offshore government bond repurchase market [4] 3. Optimizing financial infrastructure to ensure a robust and efficient market operation, including improving trading and settlement systems [4]
梁凤仪：人民币柜台纳入港股通进展顺利 力争近期公布细则
Sou Hu Cai Jing·2025-07-08 06:21