China is set to integrate its interbank bond and exchange bond markets. Five market experts share their thoughts on the move.
Big fixed income investors will see the newly approved China-Hong Kong bond trading link as inferior to other access channels, though smaller players should find it useful, say industry experts.
Citi says mainland debt is now eligible for its EM and regional government bond indexes, but has not given a time frame for inclusion, sparking more debate among fund managers.
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
Kimberley Stafford takes over a business that has ambitious plans, including establishing a China presence and building a regional retail business, in a testing environment.
A bond-trading link between Hong Kong and China is unlikely to attract strong retail flows and could distract from the opening of the mainland interbank debt market, says the association's CEO.