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China to Allow Onshore Bond Buying via Hong Kong This Year

  • Premier Li says city “has the platform” for such a system
  • Hong Kong has two stock-trading links with mainland markets
Li Keqiang.

Li Keqiang.

Photographer: Qilai Shen/Bloomberg
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Bloomberg News
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China will allow investors to buy mainland bonds in Hong Kong this year, Premier Li Keqiang said at a briefing Wednesday, adding to recent moves to ease access to the nation’s debt market.

Policy makers will allow overseas funds to buy onshore bonds in transactions carried out in Hong Kong, Li said Wednesday at a press conference in Beijing after the close of the annual National People’s Congress. He didn’t provide further details.