Chinese Insurers Buy First Dim Sum Bonds via Southbound Connect After Rule Expansion
Updated
Updated · Bloomberg · Jun 5
Chinese Insurers Buy First Dim Sum Bonds via Southbound Connect After Rule Expansion
2 articles · Updated · Bloomberg · Jun 5
Summary
At least two major Chinese insurers have made their first purchases of yuan-denominated offshore bonds through the expanded Southbound Connect program, marking insurers’ entry into the channel.
The National Financial Regulatory Administration said it recently approved some leading insurers to invest in eligible bonds through Southbound Connect, enabling the transactions.
The move channels fresh mainland institutional money into Hong Kong’s dim sum bond market, aligning with policy changes designed to draw more capital southbound.