This decision will allow its clients to negotiate directly with onshore market makers on the basis of a request for quotation.
The channel is accessible through the connection between the Chinese Foreign Exchange Trading System (CFETS) and MarketAxess Holdings, under the Bond Connect and CIBM Direct programs.
China’s onshore bond market has become much more accessible since the launch of the respective programs.
The southern part of the program, which allows investors from mainland China to invest in the Hong Kong bond market, was launched on Friday and was described by the deputy head of the Hong Kong Monetary Authority as a “major breakthrough” .
Julien Martin, Managing Director of Bond Connect Company, said he was optimistic that the partnership with MarketAxess “will further promote improved liquidity alongside increased international participation in the Chinese interbank bond market” at one point. where there is “a higher demand for credit assets among foreign investors”.
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