The Bond Connect will be released soon. The Bond Connect is under final preparation and relevant implementation rules on the Bond Connect will be introduced soon, HKEx Chief Executive Charles Li told the press at the 17th anniversary of the HKEx held yesterday.
Li indicated that the time for the opening of the Bond Connect will be announced by the People’s Bank of China and the Hong Kong Monetary Authority. All parties are making the final efforts for it.
Li indicated that the Bond Connect is a new business. The market of the Bond Connect is for institutional investors rather than individual investors. The Bond Connect will conduct northbound trading first, which mainly reflects the dominant demands in the market and changes in the market structure. The Bond Connect is significant to Hong Kong market in the long term.
Li also disclosed that HKEx is expected to conduct market inquiries on the introduction of the new board and the Growth Enterprises Market Board in order to further enhance the overall quality of listed companies in Hong Kong and strengthen the regulation. Meanwhile, it will continue to maintain the high competitiveness of Hong Kong in the global market.
Translated by Star Zhang
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