债券回购扩大开放，汇丰协助境外投资者完成市场首笔交易

Core Insights - HSBC China successfully facilitated the first bond repurchase transaction for foreign institution Dingya Capital in the interbank bond market, marking a significant step in the opening of this business to foreign investors [1][2] - The transaction reflects the deepening of China's bond market's institutional opening, enhancing liquidity management tools for foreign investors [1] Group 1: Transaction Details - Dingya Capital, as a foreign asset management institution, completed its first buyout-style multi-bond repurchase transaction through direct investment channels in the interbank bond market [1] - HSBC China acted as the settlement agent and counterparty for the transaction, providing comprehensive cross-border business support from pre-transaction to post-transaction services [1] Group 2: Market Impact - The opening of the bond repurchase business is expected to attract more foreign institutions, improving the price discovery function of the market and promoting connectivity between domestic and international financial markets [1] - The People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly announced support for foreign institutional investors to engage in bond repurchase business, enriching the liquidity management toolkit for foreign capital [1][2] Group 3: Operational Framework - The market opening adopts a trading model familiar to foreign investors, allowing them to conduct bond repurchase transactions in the interbank bond market with the ability to transfer and utilize the underlying bonds [2]