BNY Mellon announced that CITIC CSLA has become the first Chinese broker to execute through its Stock Connect service, which continues to develop as an important avenue through which China A-Shares can be used as collateral in triparty in the global marketplace.
Stock Connect is experiencing continued utilization from market participants, both in Asia and beyond, as Chinese assets in both equities and fixed income (via Bond Connect) play an ever larger role in the global collateral marketplace.