Under the Southbound Bond Connect scheme, Mainland institutional investors can invest in the Hong Kong bond market through the connection between Mainland and Hong Kong financial infrastructure services institutions. This arrangement allows greater flexibility in asset allocation and swifter response to market conditions, completing the circle of connectivity between Chinese Mainland and global markets, embodying the CMU's commitment to empowering investors.


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Through the Southbound CSD-CSD settlement link, Mainland central securities depositories have joined the CMU as members to settle Southbound Bond Connect transactions and hold CMU securities on behalf of eligible Mainland institutional investors through nominee securities accounts opened with the CMU.

Currently, Southbound Bond Connect has a daily investment quota set at RMB 20 billion and an annual limit of RMB 500 billion, unlocking boundless opportunities for onshore investors.

Benefits for Onshore Investors Investing Through Southbound Bond Connect

  • Access to Global Markets: Eligible onshore investors can, through the CSD-CSD link, invest in debt securities lodged with the CMU, seamlessly connecting with global bond markets, embracing a global circle of investment opportunities.
  • Direct Trading with Market Makers: Onshore investors can directly trade any eligible bond via the trading link with market makers in Hong Kong, navigating global bond markets with ease and confidence.
  • Flexible Investment Quotas: An annual aggregate investment quota (currently set at RMB 500 billion) and a daily investment quota (currently set at RMB 20 billion) apply to the Southbound Bond Connect scheme. No quota applies to each trade or each eligible onshore investor, providing flexibility and fostering infinite financial opportunities.
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Last revision date : 24 Sep 2025