Chinese and Hong Kong regulators took a step forward in their plans to launch a Bond Connect scheme this week, announcing that the mainland and Hong Kong-based clearing houses that would provide trading infrastructure for the scheme.
But although the news got plenty of attention, Bond Connect is unlikely to be greeted with unabated excitement by major fund houses. For one thing, there are still plenty of questions about how the scheme will work.
Barnaby Nelson, head of investors and intermediaries for Northeast Asia at Standard Chartered, said potential users of the link had raised questions about which types of investors will be eligible to participate,...
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