Southbound Trading
E862121
Southbound Trading is the component of China’s Bond Connect program that allows mainland Chinese investors to access and trade in the Hong Kong bond market.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
component of Bond Connect
ⓘ
financial market access scheme ⓘ |
| allowsInvestmentIn |
Hong Kong government bonds
ⓘ
corporate bonds listed in Hong Kong ⓘ policy bank bonds listed in Hong Kong ⓘ supranational bonds listed in Hong Kong ⓘ |
| clearingInfrastructure |
Central Moneymarkets Unit (CMU)
NERFINISHED
ⓘ
China Central Depository & Clearing Co., Ltd. (CCDC) NERFINISHED ⓘ China Foreign Exchange Trade System (CFETS) NERFINISHED ⓘ Shanghai Clearing House NERFINISHED ⓘ |
| connectsMarket |
China interbank bond market
NERFINISHED
ⓘ
Hong Kong bond market NERFINISHED ⓘ |
| coordinatedWith |
Central Moneymarkets Unit (CMU)
NERFINISHED
ⓘ
China Foreign Exchange Trade System (CFETS) NERFINISHED ⓘ Hong Kong Exchanges and Clearing Limited (HKEX) NERFINISHED ⓘ |
| counterpart | Northbound Trading ⓘ |
| country | China ⓘ |
| direction | southbound ⓘ |
| enables |
access to Hong Kong bond market
ⓘ
trading in Hong Kong bond market ⓘ |
| investorType |
institutional investors
ⓘ
qualified mainland investors ⓘ |
| languageOfOfficialDocuments |
Chinese
ⓘ
English ⓘ |
| marketType | bond market ⓘ |
| partOf | China’s Bond Connect program NERFINISHED ⓘ |
| policyObjective |
deepen financial connectivity between mainland China and Hong Kong
ⓘ
promote internationalisation of renminbi ⓘ support opening-up of China’s bond market ⓘ |
| region |
Hong Kong
NERFINISHED
ⓘ
mainland China ⓘ |
| regulatoryJurisdiction |
Hong Kong Special Administrative Region
NERFINISHED
ⓘ
People’s Republic of China NERFINISHED ⓘ |
| riskManagementFeature |
eligibility requirements for investors
ⓘ
product eligibility criteria ⓘ quota management ⓘ |
| settlementCurrency |
Hong Kong dollar (HKD)
NERFINISHED
ⓘ
offshore renminbi (CNH) ⓘ |
| settlementSystem | Hong Kong monetary and clearing infrastructure NERFINISHED ⓘ |
| supervisedBy |
Hong Kong Monetary Authority
NERFINISHED
ⓘ
People’s Bank of China NERFINISHED ⓘ |
| targetParticipants | mainland Chinese investors ⓘ |
| tradingMethod |
electronic trading platforms
ⓘ
over-the-counter bond trading ⓘ |
| underlyingProgram | Bond Connect NERFINISHED ⓘ |
Referenced by (1)
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