Reuters: China, Hong Kong central banks consider repo for Bond Connect

Hong Kong and China’s central banks are exploring the possibility of enabling investors to trade repurchase agreement (repo) transactions on the Bond Connect, the mutual investment channel that links up China’s $18 trillion onshore bond market with overseas investors.

Such an addition could help increase the liquidity of the yuan bond held by investors who use the Bond Connect to access the onshore market, said Gao Fei, deputy director general of the financial market department of the People’s Bank of China in Shanghai, reported by Reuters.

As of the end of May, foreign investors held about 3.2 trillion yuan bonds that they bought via the Bond Connect, he said.

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