I'm posting this as a bit of background while we await the CNY mid rate setting for the day

  • China's bond connect link ith Hong Kong gives offshore investors another way to access the mainland's $10 trillion debt market
  • Trading started yesterday (Monday)

Pan Gongsheng, deputy governor at the People's Bank of China, said at the link's opening ceremony in Hong Kong:

"More and more foreign investors need to purchase yuan-denominated assets"

"The bond connect meets global investors' rising demand."

That's via Bloomberg, more at the article


Note ... The bond-trading connection is one-way only, foreigners can buy bonds in the mainland market, but Chinese investors can't buy binds in Hong Kong. not yet anyway. This differs to stock connect, which is two-way.