HK bourse says working with regulators on southbound leg of China … – Reuters

SHANGHAI, July 2 (Reuters) – Hong Kong Exchanges and Clearing (HKEX) (0388.HK) is "working closely" with regulators on a southbound leg of the Bond Connect programme to expand Chinese investors' access to global bond markets, the bourse operator's chief executive said on Friday.
Nicolas Aguzin's comments, made in a speech to an online summit, come after Hong Kong Chief Executive Carrie Lam said she looked forward to the "early implementation" of the southbound Bond Connect, in a speech to the British Chamber of Commerce on June 17.
Aguzin did not provide a timeline for the launch of the programme in his speech.
The northbound leg of Bond Connect, launched in July 2017, expanded global investors' access to the Chinese onshore bond market, the world's second-largest.
Foreign holdings of Chinese bonds stood at a record 3.68 trillion yuan ($568.45 billion) at the end of May.
June data was not yet available on Friday from China Central Depository and Clearing Co and the Shanghai Clearing House.
The Bond Connect programme is operated by Bond Connect Company Ltd, a joint venture between HKEX and the China Foreign Exchange Trade System.
($1 = 6.4738 Chinese yuan)
Our Standards: The Thomson Reuters Trust Principles.
Sudan's warring factions early on Friday committed to protect civilians and the movement of humanitarian aid, but did not agree to a ceasefire and remain far apart, U.S. officials said.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2023 Reuters. All rights reserved