Group 1 - The People's Bank of China announced three new measures to optimize foreign investment access, aimed at deepening the interconnection between mainland and Hong Kong financial markets and supporting the development of the offshore RMB market [1] - The "Southbound Bond Connect" will expand the range of domestic investors to include non-bank institutions such as brokerages, funds, insurance companies, and wealth management firms for the first time [2] - The operational mechanism of the "Southbound Bond Connect" will be improved to facilitate more domestic investors in investing in the offshore bond market, with measures already implemented to support multi-currency bond purchases and extended settlement times [2] Group 2 - The offshore repurchase business mechanism under the Bond Connect will be optimized to enhance liquidity management for foreign investors, expanding the tradable currencies from RMB to include USD, EUR, and HKD [2] - Specific arrangements for optimizing offshore RMB bond repurchase business will officially start on August 25, 2025, including allowing collateral bonds to be reused during the repurchase period and supporting foreign currency settlements [3] - These optimization measures aim to align with international market practices and enhance operational convenience, further expanding the depth and breadth of the offshore repurchase market [3]