Logo 17 Jul 2024

PBoC clears onshore CGBs as Swap Connect collateral

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The central bank (PBoC) has created a new channel for Chinese sovereign bonds to be used as collateral.
On July 9, the PBoC said overseas investors will be allowed to use onshore Chinese government bonds (CGBs) and policy bank bonds as collateral for Swap Connect transactions (HKEX).

The Hong Kong ...