Bond Connect definition

Bond Connect means the initiative launched in July 2017 for mutual bond market access between Hong Kong and Mainland China established by CFETS, CCDC, SHCH, HKEx and CMU.
Bond Connect means China Bond Connect;
Bond Connect means the mutual market access mechanism between the China Interbank Bond Market and Hong Kong bond market infrastructures, which enables eligible investors outside of the PRC to directly trade bonds in the China Interbank Bond Market; “Bond Connect Securities” means bonds in the China Interbank Bond Market which are traded via Bond Connect; “Clearing Link Agreement” means the agreement dated May 15, 2023 between OTC Clear and the Special Clearing House Participant, as amended and/or supplemented from time to time; “Client Bond Connect Securities” means any Bond Connect Securities owned by a Client prior to being deposited with OTC Clear as Collateral pursuant to Clearing Rule 1214A in respect of Contracts recorded in a Client Clearing Category 1 Position Account; “CNY (onshore)” means the currency denomination in respect of an amount payable in Renminbi under a transaction that will be settled solely by transfer to a Renminbi bank account maintained in the PRC; “Collateral Management Agreement” means each Swap Connect Collateral Management Agreement dated May 15, 2023 between OTC Clear, the Special Clearing House Participant and the respective custodian banks in Hong Kong and the PRC in relation to the Hong Kong Collateral Account and the PRC Collateral Account; “equities of redemption” has the meaning given to it in the Deed of Charge in respect of the Client Collateral Account(s); “House Bond Connect Securities” means any Bond Connect Securities owned by a Clearing Member (other than Client Bond Connect Securities); “Policy Banks” means any institution designated as a policy bank by the State Council of the PRC from time to time, including China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China as at the effective date of these Clearing Rules;

Examples of Bond Connect in a sentence

  • In the event that the relevant systems fail to function properly, trading through Bond Connect may be disrupted.

  • Trading through Bond Connect is performed through newly developed trading platforms and operational systems.

  • The Fund is a CIBM Fund and may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the CIBM via the Foreign Access Regime and/ or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.

  • Under the prevailing regulations in Mainland China, eligible foreign investors will be allowed to invest in the bonds circulated in the China Interbank Bond Market through the northbound trading of Bond Connect (“Northbound Trading Link”).

  • The China interbank Bond Market (“CIBM”) is the over-the-counter market for bonds issued and traded in the PRC via the Foreign Access Regime (as defined below) and/or the Bond Connect (as defined below).


More Definitions of Bond Connect

Bond Connect means the mutual market access mechanism between the China Interbank Bond Market and Hong Kong bond market infrastructures, which enables eligible investors outside of Mainland China to directly trade bonds in the China Interbank Bond Market.
Bond Connect means a securities trading and settlement links programme developed by, among others, the Bond Connect Authorities for the establishment of market access to CIBM.
Bond Connect means an initiative launched in July 2017 for mutual bond market
Bond Connect means a mutual bond market access scheme between Mainland China and Hong Kong. Under the Northbound trading of the Bond Connect, eligible foreign investors can invest in the China interbank bond market.”
Bond Connect means an arrangement that establishes mutual bond market access between Hong Kong and mainland China whereby eligible foreign investors can invest in the China interbank bond market through the northbound trading of Bond Connect.
Bond Connect means the institutional arrangements under which investors in
Bond Connect means the mutual bond market access between Mainland China and Hong Kong.