People's Bank of China, Tentative Measures for the Administration of the Cooperation in Mutual Access between the Mainland and Hong Kong Bond Markets
中国人民银行内地与香港债券市场互联互通合作管理暂行办法
September 17, 2017 | BY
Susan Mok“Northbound Trading” is not without limits.
Promulgated: June 21 2017
Effective: as of date of promulgation
Applicability: For the purposes of these Measures, the term “cooperation in mutual access between the mainland and Hong Kong bond markets” means the institutional arrangement whereby domestic and foreign investors can trade bonds that are tradable on the Hong Kong and mainland bond markets through the link between financial infrastructure institutions of the two bond markets, namely, the “Bond Connect”, including “Northbound Trading” and “Southbound Trading”.
These Measures apply to “Northbound Trading”, which is the institutional arrangement whereby foreign investors from Hong Kong and