Xinhua News Agency, September 15th: Bond "Nan Dongtong" online in the financial market two-way open, further new China News Agency, Wu Yu is in the bond market "Northern Tong Tong" has been opened for more than four years, "Nan Dongtong" will be 9 The month is officially launched.
How to run "Nantong"? Which investors can participate? On the 15th, the relevant person in charge of the People’s Bank of China answered questions about relevant issues. In order to promote the joint development of the mainland and the Hong Kong bond market, the People’s Bank of China, the Hong Kong Financial Administration issued a joint announcement, decided to agree to the Mainland underlying service agency and the Hong Kong basic service agency to carry out the mainland and the Hong Kong bond market interconnection and south to cooperation (referred to as "South" ")," Nantong "will be on September 24, 2021.
Before the "Nantong" is online, "North Dongtong" has been running smoothly for many years.
In July 2017, the People’s Bank of China will work together with all parties to launch "Northern Tong" with the Hong Kong Financial Administration.
For more than four years, "Northern Tong" accumulated a total of trillion yuan, driving foreign investors to increase the annual average annual growth rate of more than 40%. Bonds. "Among the top 100 major asset management agencies in the world, there have been more than 78 participation. ‘Northern Pantong’ has become an important channel for overseas agencies into the Chinese bond market.
"The relevant person in charge of the People’s Bank of China introduces the factors," Nantong "is not opened synchronously with" North Dongtong ".
However, in more than four years, the People’s Bank of China and the Hong Kong Financial Administration have been closely communicating and actively study the "south" feasibility. As China’s financial market is steadily advanced, "Nantong" finally clarified the time. Soon, domestic investors in line with the People’s Bank of China can invest in overseas, and bonds circulating in Hong Kong markets.
The relevant person in charge of the People’s Bank of China said that the mainland financial institutions can configure global bonds independently "go out".
"Nantong" did not break through the existing policy framework of the Mainland and Hong Kong, mainly by strengthening the basic service agencies of the two bond markets, providing convenient channels for the mainland agency investors "to go out". In the starting stage, "Nantong" first opened a ticket transaction.
The reporter learned that the mainland investors of "Nantong" were temporarily ruled for 41 bank financial institutions (excluding non-bank financial institutions and rural financial institutions). In addition, the qualified domestic institutional investor (QDII) and RMB qualified domestic institutional investors (RQDII) can also carry out overseas bond investment through "Nantong". Talking about managing cross-border funding risks, the relevant person in charge of the People’s Bank of China, "Nantong" adopts the design of all aspects of transactions, hosting, settlement, exchange, etc., and through trading managed data reports, etc. , Strengthen penetrating supervision and monitoring. In terms of data management, according to relevant requirements, the "Nantong" cross-border funds netflow limit does not exceed the total annual total amount and daily quota.
According to the relevant person in charge of the People’s Bank of China, the current "Nantong" annual total amount is RMB RMB, with a daily value of 20 billion yuan.
The People’s Bank of China will adjust the "Nantong" annual total amount and daily quota in accordance with cross-border funds. The relevant person in charge of the People’s Bank of China said that "Nan Dongtong" is opened in a timely manner, which is conducive to the consolidation of Hong Kong’s bridgehead and hub, helping Hong Kong into the national development overall situation, and maintaining Hong Kong’s long-term prosperity and stability. (Editor: Liu Jie, Cui Yue) Sharing let more people see.