China's Central Bank Raises Bond Connect Southbound Quota to 800 Billion Yuan on July 7

According to Pan Gongsheng, governor of the People's Bank of China, on July 7, the annual investment quota for the Bond Connect Southbound scheme has been increased to 800 billion yuan. Pan stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that the central bank will continue supporting quality Chinese enterprises to list and issue bonds in Hong Kong, while expanding financial connectivity between mainland China and Hong Kong across equities, bonds, wealth management, and interest rate swaps.
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