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Large CN Insurers Buy Dim Sum Bonds via Bond Connect Southbound: Report
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Large Chinese insurance companies have, for the first time, purchased offshore RMB-denominated bonds (dim sum bonds) through Bond Connect Southbound, encouraging more capital inflows into the Hong Kong market, Bloomberg reported, citing people with the knowledge of the matter. In response to inquiries, the National Financial Regulatory Administration said it has recently approved certain leading insurance companies to invest in eligible bonds via the Southbound scheme. Since the implementation of the program, at least two insurers have purchased dim sum bonds. Insurance companies eligible to participate in Bond Connect include PING AN (02318.HK), Taikang Insurance and CHINA LIFE (02628.HK), sources divulged. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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