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China is set to allow offshore investors to use onshore bonds as collateral for Swap Connect trading. This initiative, which involves the People's Bank of China (PBOC), will enable global investors to use Chinese onshore government or policy bank bonds as margin collateral. The bonds will be held under the northbound leg of the Bond Connect program, connecting the Chinese mainland and Hong Kong. This move is part of China's ongoing efforts to open up its bond market. Additionally, over 1,000 securities will not be accepted as collateral from Aug 1.
China has taken yet another step in opening up its #bond market, with offshore investors set to receive permission to use onshore bonds — held under the northbound leg of the Bond Connect program — as margin collateral for the derivative trading-based Swap Connect. #economy… https://t.co/pZi6GKNPH7
Over 1,000 #securities not to be accepted as #collateral from Aug 1 https://t.co/ebTvUaKKbW
Global investors will be able to use Chinese onshore government or policy bank bonds as collateral in swap trading through a program connecting the Chinese mainland and Hong Kong. https://t.co/mZim4TJqa6
