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PBOC Deputy Governor: Bond Connect Significantly Enhances HK Mkt Influence
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Zou Lan, Deputy Governor of the People's Bank of China (PBOC), said at the Asian Financial Forum (AFF) that the Bond Connect has significantly enhanced the global influence of the Hong Kong market. Currently, over 800 foreign institutional investors have invested in China's bond market through the Northbound Bond Connect via Hong Kong, with a bond holding scale exceeding RMB810 billion, accounting for one-fourth of the total foreign institutional holdings in China's bonds. Last year's trading scale reached RMB9.7 trillion, accounting for more than 60% of the total foreign institutional trading scale during the same period. Meanwhile, Chinese investors have invested in bonds denominated in RMB, HKD, and USD in the Hong Kong market through the Southbound Trading under Bond Connect, with a bond holding scale approaching RMB1.2 trillion. AASTOCKS Financial News Website: www.aastocks.com |
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