{"id":3407,"date":"2018-11-30T02:50:46","date_gmt":"2018-11-30T07:50:46","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-cfets-collaborate-chinas-bond-market-development\/"},"modified":"2019-08-23T03:02:43","modified_gmt":"2019-08-23T07:02:43","slug":"bloomberg-cfets-collaborate-chinas-bond-market-development","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-cfets-collaborate-chinas-bond-market-development\/","title":{"rendered":"Bloomberg and CFETS to Collaborate on China\u2019s Bond Market Development"},"content":{"rendered":"
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Global investors will gain additional access, efficiency and connectivity to trade China\u2019s <\/em>$12 trillion bond market<\/em><\/p>\n

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A man carrying a kite in the shape of the Chinese national flag walks along the Bund while buildings of Pudong’s Lujiazui financial district stand across the Huangpu River as the sun rises in Shanghai, China. Photographer: Qilai Shen\/Bloomberg<\/p><\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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Beijing, Hong Kong, New York, 30 November, 2018 \u2014 Bloomberg today announced that it and its global affiliates will in the coming weeks, finalize plans to offer qualified investors access to China\u2019s interbank bond market (\u201cCIBM\u201d) via the Bloomberg Terminal, which has over 325,000 global subscribers. This is part of a broader collaboration with China Foreign Exchange Trade System (National Interbank Funding Centre) (\u201cCFETS\u201d), and follows China\u2019s recent measures to reform its $12 trillion bond market, paving the way for more overseas funds to trade onshore.<\/p>\n

\u201cA growing number of international investors are demonstrating keen interest and participating in China\u2019s bond market via CIBM Direct and Bond Connect,\u201d said Zhang Yi, President of CFETS. \u201cThe Bloomberg Terminal has a robust network of the world\u2019s major fixed income market participants, and the firm has deep experience in developing global bond markets. We look forward to working with Bloomberg to facilitate greater foreign investment as we continue to internationalize China\u2019s fixed income market.\u201d<\/p>\n

Since 2010, global investors can enter China\u2019s interbank bond market via CIBM Direct, which requires foreign qualified participants to mandate an onshore agency bank to complete trade and settlement. In 2017, Bond Connect was made available, which allows foreign investors to send a request for quote from an international electronic trading platform to CFETS. Bloomberg and CFETS will be working together to support investor access to both CIBM Direct and Bond Connect.<\/p>\n

Under the CIBM Direct scheme, Bloomberg will work with CFETS to offer a new trade connectivity service for investors participating in China\u2019s bond market. The new trade ticket communication service will provide qualified offshore participants and their corresponding onshore agency banks an efficient way of confirming and communicating trade details to and from the trading system of CFETS via Bloomberg\u2019s voice confirmation feature (\u201cVCON\u201d).<\/p>\n

This collaboration will also enable access to Bond Connect via Bloomberg, which is designed to be open to investors in global markets, including Hong Kong, Singapore and the United States, following receipt of required regulatory approvals. Bloomberg\u2019s fixed income execution management system (\u201cTSOX\u201d) will be connected to CFETS, providing overseas investors a new gateway for access to Bond Connect.<\/p>\n

\u201cWe welcome the announcement made by the People\u2019s Bank of China and are excited by the opportunity to facilitate greater investor access to China\u2019s bond market,\u201d said Peter Grauer, Chairman of Bloomberg L.P.\u00a0 \u201cThis is yet another milestone in the opening up of China\u2019s financial markets. Global investors will be encouraged by the additional access and efficiency to trade in China\u2019s bond market, which will drive further foreign participation. We look forward to working with CFETS and all other parties to advance China\u2019s pace of reform and bond market development.\u201d<\/p>\n

Today\u2019s announcement follows the launch of Bloomberg\u2019s RMB Bond Suite<\/a>, an advanced set of fixed income analytical tools for China\u2019s bond market, and will complete the workflow for offshore bond investors who need to access data, analyze opportunities and trade.<\/p>\n

According to data from People\u2019s Bank of China, foreign holdings of Chinese onshore bonds grew by 58 percent in the 12 months to the end of September 2018, reaching RMB 1.75 trillion ($251 billion).<\/p>\n

###<\/p>\n

About Bloomberg<\/strong><\/p>\n

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo<\/a>.<\/p>\n

 <\/p>\n

Media Contacts<\/strong><\/p>\n

APAC, Belina Tan, belina.tan@bloomberg.net, +65-6231 3637<\/p>\n

U.S., Jill Watanabe, jwatanabe11@bloomberg.net<\/a>, +1-212-617-1610<\/p>\n

EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776<\/p>\n

LATAM, Pam Snook, pamsnook@bloomberg.net, +1-212-617-7653<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bloomberg today announced that it and its global affiliates will in the coming weeks, finalize plans to offer qualified investors access to China\u2019s interbank bond market (\u201cCIBM\u201d) via the Bloomberg Terminal, which has over 325,000 global subscribers. This is part of a broader collaboration with China Foreign Exchange Trade System (National Interbank Funding Centre) (\u201cCFETS\u201d), and follows China\u2019s recent measures to reform its $12 trillion bond market, paving the way for more overseas funds to trade onshore. <\/p>\n","protected":false},"featured_media":1448,"template":"","format":"standard","categories":[86],"press_tag":[79],"class_list":["post-3407","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-bloomberg-professional-services","press_tag-press-announcements"],"yoast_head":"\nBloomberg and CFETS to Collaborate on China\u2019s Bond Market Development | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Bloomberg today announced that it and its global affiliates will in the coming weeks, finalize plans to offer qualified investors access to China\u2019s interbank bond market (\u201cCIBM\u201d) via the Bloomberg Terminal, which has over 325,000 global subscribers. 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