Bloomberg Wins Best New Product/Service at WatersTechnology Asia Awards 2025

Hong Kong — Bloomberg is pleased to announce that its Bond Connect Offshore RMB Bond Repo Trading Solution has been recognized as the Best New Product/Service Introduced Over the Last 12 Months at the WatersTechnology Asia Awards 2025.

Built on the established connectivity between Bloomberg and China Foreign Exchange Trade System (CFETS) and launched in February 2025, this solution was the first of its kind to enable global investors to electronically conduct repurchase (repo) trades using bonds held under Northbound Bond Connect as collateral in Hong Kong. This development addresses the need for efficient repo trading via the Bloomberg Terminal under the new Offshore RMB Bond Repo arrangement, which offers new financing and liquidity management tools for global investors using onshore RMB bonds as collateral.

The solution provides enhanced efficiency as it seamlessly integrates with global investors’ existing workflows and a range of Bloomberg’s pre- and post-trade solutions, ensuring smooth execution without disrupting existing trading processes.

Chengdong Zhang, Head of Trading, Deputy General Manager from Bank of China (Hong Kong) Limited, one of the first users of the solution, commented: “Bloomberg’s Bond Connect Offshore RMB Bond Repo Trading Solution has been instrumental in our successful participation in the new offshore repo arrangement. With Bloomberg’s automation technology, the solution also integrates seamlessly with our existing workflow, increasing trading efficiency and streamlining operational processes.”

“We are honored to receive this recognition from WatersTechnology,” said Bing Li, Head of Asia Pacific at Bloomberg. “This award not only acknowledges our efforts to support Bond Connect investors in repo trading under the new arrangement but also highlights our ongoing commitment to facilitating global investors’ participation in China’s financial markets with greater transparency and efficiency.”

“Bloomberg’s win in the Best New Product/Service Introduced Over the Last 12 Months category of this year’s WatersTchnology Asia Awards illustrates just how important innovation and listening to market is to the data and technology giant,” explains Victor Anderson, lead judge and global content director of WatersTechnology. “The firm’s outstanding Bond Connect Offshore RMB Bond Repo Trading Solution allows global investors for the first time to negotiate repo financing rates and execute transactions electronically with market-makers in Hong Kong via the Bloomberg Terminal, a significant development for institutional investors in the region.”

Bloomberg provides a range of powerful trading and trade-related solutions globally. Recognized by the People’s Bank of China, Bloomberg offers various solutions for mutual market access schemes between Hong Kong and mainland China, including Bond Connect and Swap Connect, to support cross-border investment. To facilitate trading under the new Bond Connect Offshore RMB Bond Repo arrangement, Bloomberg provides both e-trading solution and voice trading solution. It also provides a full suite of data, information and solutions for global investors to access China’s financial markets. For more information, please visit {RMB<GO>} in the Bloomberg Terminal.

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