Bond Connect

Bond Connect is the latest cross-border bond trading and settlement scheme that provides a link between the Mainland China CSDs, China Central Depository & Clearing Co. (CCDC) and Shanghai Clearing House (SCH), and the Central Moneymarkets Unit (CMU) in Hong Kong.

Bond Connect links the China Interbank Bond Market (CIBM) with the world. “Northbound” access is already available, facilitating foreign institutional investors’ access to trade CIBM eligible bonds in China via international bond trading platform(s). Clearstream customers already benefit from access to CIBM via our China Bond Link.

Now with Bond Connect, foreign investors are able to utilise an additional investment channel, with easy and quota-free access. The scope of eligible investors for Northbound trading is consistent with that for our China Bond Link. Clearstream is working with customers to facilitate the setup of the operational and necessary frameworks for customers to operate through Bond Connect.