Group 1 - The forum celebrated the eighth anniversary of the Bond Connect mechanism between mainland China and Hong Kong, themed "Mutual Benefit and Sustainable Development" [1] - The People's Bank of China and the Hong Kong Monetary Authority announced three measures to optimize external opening [1] - The first measure involves improving the operation mechanism of the "southbound" Bond Connect, expanding the scope of domestic investors to include non-bank institutions such as brokerages, funds, insurance, and wealth management [1] - The second measure optimizes the offshore repurchase business mechanism under Bond Connect, allowing for multi-currency transactions and enhancing liquidity management for offshore investors [1] - The third measure enhances the swap connect mechanism to better meet investors' interest rate risk management needs, including expanding the number of market makers and adjusting daily trading limits [1] Group 2 - The Hong Kong Monetary Authority announced specific measures to optimize offshore RMB bond repurchase business, including allowing collateral bonds to be reused during the repurchase period to improve efficiency [2] - The measures also support multi-currency settlements, including HKD, USD, and EUR, set to officially launch on August 25, 2025 [2]

11家一级流动性提供银行分别为：1)中国农业银行股份有限公司、2)中国银行(香港)有限公司、3)交通 银行股份有限公司、4)法国巴黎银行、5)中信银行(国际)有限公司、6)中国建设银行(亚洲)股份有限公 司、7)花旗银行、8)恒生银行有限公司、9)香港上海汇丰银行有限公司、10)中国工商银行(亚洲)有限公 司、11)渣打银行(香港)有限公司。 具体优化措施包括： 7月8日，香港金融管理局公布有关离岸人民币债券回购业务的优化安排，以进一步便利"债券通"(北向 通)投资者参与离岸人民币债券回购业务。据悉，香港金管局于1月13日公布推出离岸人民币债券回购业 务，该业务于2月10日正式上线。做市商安排方面，由香港金管局指定的11家一级流动性提供银行作为 做市商。每笔回购交易应至少有一方交易对手是做市商机构。 一、参与机构： 支持抵押品债券在回购期间再使用： 离岸人民币回购业务于2025年2月10日正式推出以来，市场反应积极正面。业务初期，参与机构透过离 岸回购交易取得的抵押债券只限于在债务工具中央结算系统(CMU)平台锁定管理，在回购期间不能再使 用。经总结落实以来的经验和充分考虑市场建议，并与内地监管机构沟通，这次 ...