Beijing
19 May 2017
Reporter: Drew Nicol

Asset managers tackle Chinese bond market issues


Hong Kong asset managers were invited by the People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) to an exchange this week to tackle the technical and operational issues facing the inter-bank bond market.

Delegates were invited to share their views on investing in the China inter-bank bond market (CIBM), the growing trend of renminbi internationalisation, along with other macroeconomic issues of the Mainland.

HKMA described the event as an opportunity for asset managers and owners to meet and exchange views directly with the Mainland authorities.

Participants in the exchange included representatives from over 20 leading private and public sector asset managers and owners that have fixed income operations in Hong Kong.

These institutions manage over USD 9 trillion of assets globally.

The exchange was led by Bu Yongxiang, deputy director general of PBoC Research Bureau (on behalf of Dr Ma Jun, chief economist of PBoC Research Bureau) and Vincent Lee, executive director (external) of the HKMA.

China has the world’s third largest bond market, with outstanding bond value totalling RMB 65 trillion (USD 9.4 trillion).

Mainland authorities have in recent years taken steps to open up the CIBM to international investors.

A HKMA spokesperson said: “As Asia’s premier asset management and risk management centre, Hong Kong has always been the gateway for international asset managers and owners to invest in the Mainland and manage the attendant risks.”

“Today’s exchange is another example where Hong Kong leverages its connections with, and knowledge of, both the Mainland and international markets to bring the two sides closer together.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
ISDA: Transition period essential for post-Brexit derivatives trading
21 August 2017 | New York | Reporter: Stephanie Palmer
The International Swaps and Derivatives Association has urged UK and EU regulators to implement transitional provisions for derivatives trading after Brexit
SimCorp sees extension of Danish mandate
21 August 2017 | Copenhagen | Reporter: Stephanie Palmer
Danish asset manager C WorldWide Asset Management Fondsmæglerselskab has extended its SimCorp Dimension licence agreement to include the Data Warehouse Manager and the SimCorp Coric client communications tool
Liquidnet expands its EMEA team
18 August 2017 | London | Reporter: Jenna Lomax
Strobel will report to Bob Garrett, who is head of technology and based in the New York office
TPAs and managers looking to outsource fintech
18 August 2017 | London | Reporter: Jenna Lomax
Global third-party administrators and asset managers are looking to outsource financial technology at an increasing rate, according to Domenic Ionadi, strategic account manager at Confluence
Boeing and JCP name Northern Trust as global custodian
17 August 2017 | Chicago | Reporter: Jenna Lomax
The Boeing Company has mandated Northern Trust to act as global custodian for its €54 billion defined contribution retirement plan
Whitebox Advisors chooses Broadridge suite solution
17 August 2017 | New York | Reporter: Jenna Lomax
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation
Allfunds to open office in the Nordics
16 August 2017 | London | Reporter: Jenna Lomax
Fund distribution platform Allfunds plans to open a local office in the Nordic region as it pushes ahead with growth plans across Northern Europe
More news