Bloomberg and CFETS jointly offer indicative market maker prices on Southbound Bond Connect

Chinese onshore investors can now access indicative market maker prices using Bloomberg Southbound Bond Connect solutions in real time via the CFETS bond trading platform

Shanghai, Hong Kong – WEB WIRE

In collaboration with the China Foreign Exchange Trade System (CFETS), Bloomberg announced that the indicative prices of Hong Kong-based market makers adopting Bloomberg Southbound Bond Connect solutions [1] is now available in real time to onshore investors on the CFETS bond trading platform. This will further facilitate transactions on the Southbound Bond Connect, thereby improving price discovery and trading efficiency for onshore investors. Bloomberg is the first global trading solutions provider to offer indicative prices with CFETS for participants on Southbound Bond Connect.

The first group of market makers to start live streaming prices using Bloomberg Southbound Bond Connect solutions includes Bank of China (Hong Kong) Limited etc.

?? Since the launch of Southbound Bond Connect, market participants have shown great interest and enthusiasm and we hope that this new mechanism will provide more convenience for domestic investors to invest and trade global bonds, ?? said Lu Xiangqian, deputy general manager of CFETS. ?? We appreciate Bloomberg’s efforts to continually improve the Southbound Bond Connect bond with us. ??

We are proud to launch this new functionality with CFETS and our dealer customers in just one month since the launch of Southbound Bond Connect. Looking forward to onboarding more dealers to provide real-time pricing, making bond trading on Southbound Bond Connect more transparent? said Bing Li, head of APAC at Bloomberg. Bloomberg is committed to bringing the best data and technology to dealers and helping them seize cross-border business opportunities.

Southbound Bond Connect offers onshore investors the opportunity to diversify their investment portfolios to include foreign bonds. Bloomberg and CFETS jointly launched Southbound Bond Connect solutions based on system connectivity between the two parties on the first trading day of Southbound Bond Connect. Eight of the 13 nominated brokers use Bloomberg Southbound Bond Connect to provide market making services to onshore investors entering the offshore bond market.

For more information on Bloomberg’s solutions for the Chinese bond market, please visit RMB-GO- and BC-GO- on the Bloomberg terminal.

[1] The Bloomberg Southbound Bond Connect solution is provided to dealers in Hong Kong by Bloomberg Tradebook Hong Kong Limited.

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