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HK link to open up bond market

A BOND trading link between the Chinese mainland and Hong Kong will be established this year, Premier Li Keqiang said yesterday, the latest step in moves to ease foreign access to the country’s debt market.

“We are going to explore the further opening up of our bond market,” Li said.

“This is needed by the country, and Hong Kong has the platform.”

He added: “Foreign capital will be able to buy Chinese bonds overseas for the first time. This will help Hong Kong maintain its status as an international financial center, and provide Hong Kong investors with more options.”

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