China, Hong Kong Bond Connect sees 7.05 billion yuan of trade on first day

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Hong Kong | Updated: July 3, 2017 7:31:01 PM

Global investors purchased 4.9 billion yuan ($721.4 million) of China bonds on Monday, on the first day of a long-awaited Bond Connect scheme that links China's $9 trillion bond market with overseas investors.

China Hong Kong Bond, Global investors, China bonds, Bond Connect scheme, China Foreign Exchange, China Foreign Exchange Trade System, china, china news, hong kong, hong kong news, latest news, latest updatesThe aggregate trading volume was 7.05 billion yuan, the China Foreign Exchange Trade System said on its website. (Reuters)

Global investors purchased 4.9 billion yuan ($721.4 million) of China bonds on Monday, on the first day of a long-awaited Bond Connect scheme that links China’s $9 trillion bond market with overseas investors. The aggregate trading volume was 7.05 billion yuan, the China Foreign Exchange Trade System said on its website. The launch of the programme was timed to coincide with the 20th anniversary of Hong Kong’s handover to Chinese rule and trading will initially be “northbound”, meaning foreign investors will be able to buy and sell Chinese bonds. ($1 = 6.7925 Chinese yuan)

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