Bloomberg Announces Further Enhancements to China Bond Offering for Global Investors

Global investors can now access real-time prices from all Bond Connect dealers on CFETS via the Bloomberg Terminal and use an upgraded automated workflow for CIBM Direct, boosting trade processing efficiency

Beijing – Bloomberg today announced two major enhancements with China Foreign Exchange Trade System (CFETS) to facilitate global investors’ trading in China’s bond market, the world’s second largest bond market.

The Bloomberg Terminal is the first integrated solution that provides live streaming liquidity from all dealers in China participating in Bond Connect. Previously, global investors had access to only five of the most competitive prices for a given bond that trades on Bond Connect. With this new feature, investors are able to view all real-time dealer prices on the Bloomberg Terminal, hence increasing market transparency and depth, and improving price discovery and trading efficiency.

Furthermore, as the only integrated solution offering an access channel for CIBM Direct, Bloomberg and CFETS are introducing a new automated workflow with trade allocation function for global investors. Once an offshore investor and an onshore dealer agree on a deal, there is no need for manual input in VCON. Orders with all trade allocation details will be automatically routed to the onshore agent bank to confirm the trades on CFETS.

“CFETS is partnering with Bloomberg to promote the opening up of China’s bond market,” said Zhang Yi, President of CFETS. “The enhancements of Bloomberg’s offering today will help boost trading efficiency, facilitate global investors’ participation and inject new impetus to the development of China’s bond market.”

“We value the partnership with CFETS and will continue to provide best-in-class trading solutions for global investors to further advance the continued internationalization of China’s bond market,” said Bing Li, Head of Greater China at Bloomberg.

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