Bond Connect launch leans on Chinese bank support
Global investor monitoring and testing for the new China access programme is just beginning and early trading has largely relied on Chinese banks. But it's a decent start.
Officially launched on Monday, China's newest capital market scheme, Bond Connect, had a mixed first day's trading, leaning heavily on Chinese institutions, market insiders say.
Foreign banks and asset managers are nonetheless circling, their collective interest piqued by the fresh possibilities offered for investing in the world's second-largest economy, while the scheme's first-ever primary bond issue was oversubscribed.
Bond Connect recorded Rmb7 billion ($1.03 billion) of b…
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