Hong KongThe city’s bond clearinghouse has around 200 members, and wants more.
Many foreign lenders have not yet engaged in Bond Connect, the mainland link.
The Central Moneymarkets Unit holds and settles bonds, and the Hong Kong Monetary Authority has run it since 1990.
Deputy Financial Secretary Michael Wong Wai-lun said Hong Kong will encourage more foreign banks to join.
How each outlet framed it
- South China Morning Post
- centers the Central Moneymarkets Unit as the lever, noting many non-local lenders have not yet joined the Bond Connect
Sources: South China Morning Post