Northbound Trading
E862120
Northbound Trading is the channel within China’s Bond Connect program that allows overseas investors to access and trade in the mainland Chinese bond market.
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
component of Bond Connect
ⓘ
trading channel ⓘ |
| accessMethod | Bond Connect trading infrastructure ⓘ |
| allows |
overseas investors to access mainland Chinese bond market
ⓘ
overseas investors to trade in mainland Chinese bond market ⓘ |
| appliesToMarket | mainland Chinese bond market ⓘ |
| clearingAndSettlement | centralized clearing through onshore clearing institutions ⓘ |
| counterpart | Southbound Trading ⓘ |
| country | China ⓘ |
| direction | northbound ⓘ |
| investorBenefits |
no need for onshore bond account opening by each investor
ⓘ
streamlined access to Chinese bond market ⓘ |
| investorTypeRestriction | qualified institutional investors ⓘ |
| languageOfDocumentation |
Chinese
ⓘ
English ⓘ |
| marketAccessType | indirect access via Hong Kong ⓘ |
| objective |
to facilitate foreign investment in China's bond market
ⓘ
to promote opening-up of China's financial markets ⓘ |
| partOf | Bond Connect NERFINISHED ⓘ |
| primaryLocation | China Interbank Bond Market NERFINISHED ⓘ |
| regulatoryJurisdiction |
China Securities Regulatory Commission
NERFINISHED
ⓘ
Hong Kong Monetary Authority NERFINISHED ⓘ People's Bank of China NERFINISHED ⓘ People's Republic of China NERFINISHED ⓘ |
| relatedProgram |
Mutual Recognition of Funds
NERFINISHED
ⓘ
Stock Connect NERFINISHED ⓘ |
| risk |
currency risk in renminbi
ⓘ
liquidity risk in onshore bond market ⓘ regulatory risk in China ⓘ |
| riskManagement | quota and regulatory limits on foreign holdings ⓘ |
| riskModel | delivery-versus-payment settlement ⓘ |
| settlementCurrency |
offshore renminbi (CNH)
ⓘ
onshore renminbi (CNY) ⓘ |
| settlementCycle | T+0 or T+1 depending on instrument ⓘ |
| settlementSystem | onshore central securities depositories ⓘ |
| supports |
primary market subscription of certain bond issues
ⓘ
secondary market trading of Chinese bonds ⓘ |
| targetParticipants | overseas institutional investors ⓘ |
| tradingInstruments |
Chinese onshore bonds
ⓘ
interbank bond market instruments ⓘ |
| usesInfrastructure |
Chinese onshore bond trading and settlement systems
ⓘ
Hong Kong financial market infrastructure ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.