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Also: HCA exits northwest Georgia market

Also: HCA exits northwest Georgia market

CHINA will make it easier for its investors to trade offshore debt from next week with the opening of a Southbound leg of its Bond Connect channel, in the country’s latest move to encourage more outbound

Home What happens if Chinese household wealth is unleashed on the world? What happens if Chinese household wealth is unleashed on the world? Tentative steps at liberalisation reflect fears over the strong renminbi and risks of a bubble in domestic markets World Economy News 5 Jul 2021 • 10 min read It would buy you a year of study at Harvard University, a couple of luxury boxes at the Yankee Stadium in New York or a lengthy stay at London’s Ritz Hotel. But Chinese citizens might soon be able to do something different with the $50,000 the...

China is taking another step to loosen its capital controls and in the process is giving onshore investors greater access to a previously hard-to-reach bond market. The so-called southbound link of the Bond Connect program will help draw capital from the mainland to bonds available in Hong Kong, which are currently a challenge to buy due to regulatory restrictions. The new channel could serve to check excess strength in China’s currency by balancing money flowing from overseas funds into Chinese