CIBM access challenges Bond Connect rationale

Florian Ruediger /Flowman7 - Fotolia

Market participants have been sceptical about the Hong Kong Exchange's (HKEX) plans for a Bond Connect with China ever since the idea was first floated in late 2014. Eighteen months later, the opening up of China’s interbank bond market (CIBM) has thrown up more questions about the scheme’s viability.