债券回购进一步开放 汇丰“助攻”市场首单业务

Core Viewpoint - The opening of the bond repurchase business in China's bond market marks a significant step towards further institutional opening, allowing foreign institutional investors to participate directly in the interbank bond market [1] Group 1: Transaction Details - On September 29, HSBC Bank (China) successfully assisted Dingya Capital (Singapore) in completing the first bond repurchase transaction in the interbank bond market, marking it as the first transaction under the newly opened business [1] - Dingya Capital, as a foreign asset management institution, executed a buyout-style multi-bond repurchase transaction, becoming one of the first foreign investors to participate in this expanded bond repurchase business [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 Implications - HSBC China's Vice President and Co-Director of Capital Markets and Securities Services, Zhang Jinqiu, stated that the expansion of the bond repurchase business reflects the deepening of China's bond market's institutional opening [1] - The expectation is that more institutions will participate in this market, which will help optimize price discovery functions and promote connectivity between domestic and foreign financial markets, thereby enhancing the influence and attractiveness of China's bond market [1] Group 3: Regulatory Support - On September 26, 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 [1] - This announcement allows all foreign institutional investors, whether entering the market directly or through the "Bond Connect" channel, to participate in the bond repurchase business, effectively enriching the liquidity management toolbox and trading strategies for foreign capital [1]