Hong Kong Monetary Authority Adds 9 Financial Institutions to Total of 22 as Designated Market Makers for Southbound Trading under Bond Connect – CICC, CMB Wing Lung Bank, DBS, Deutsche Bank, UBS, Guotai Junan Securities, Huatai Financial Holdings, Industrial Bank Corporation & CSI Global Markets
23rd September 2023 | Hong Kong
The Hong Kong Monetary Authority (HKMA) has added 9 financial institutions to a total of 22 as designated market makers for Southbound Trading under Bond Connect. The 9 new financial institutions are CICC, CMB Wing Lung Bank, DBS, Deutsche Bank, UBS, Guotai Junan Securities, Huatai Financial Holdings, Industrial Bank Corporation & CSI Global Markets. HKMA: “Designated market makers undertake to provide investors with secondary liquidity and support the smooth and orderly operation of Southbound Trading under Bond Connect. The selection of designated market makers follows HKMA’s established internal evaluation process, based on a range of criteria, including debt market activities, business presence in Hong Kong, counterparty network with Mainland financial institutions, internal control systems, etc. The HKMA will review the list of designated market makers and evaluate the need for enhancement and expansion as and when appropriate, with a view to enhancing cross-boundary financial connectivity and promoting the development of Hong Kong bond market.” See below for list of 22 market makers:
” Hong Kong Monetary Authority Adds 9 Financial Institutions to Total of 22 as Designated Market Makers for Southbound Trading under Bond Connect – CICC, CMB Wing Lung Bank, DBS, Deutsche Bank, UBS, Guotai Junan Securities, Huatai Financial Holdings, Industrial Bank Corporation & CSI Global Markets “
List of Market Makers for Southbound Trading under Bond Connect
- Agricultural Bank of China Limited, Hong Kong Branch
- Bank of China (Hong Kong) Limited
- Bank of Communications Co., Ltd., Hong Kong Branch
- BNP Paribas, Hong Kong Branch
- China CITIC Bank International Limited
- China Construction Bank (Asia) Corporation Limited
- China International Capital Corporation Hong Kong Securities Limited
- Citigroup Global Markets Asia Limited
- CMB Wing Lung Bank Limited
- Credit Agricole Corporate and Investment Bank
- CSI Global Markets Limited
- DBS Bank Limited
- Deutsche Bank AG, Hong Kong Branch
- Guotai Junan Securities (Hong Kong) Limited
- Hongkong and Shanghai Banking Corporation Limited, The
- Huatai Financial Holdings (Hong Kong) Limited
- Industrial and Commercial Bank of China (Asia) Limited
- Industrial Bank Corporation Limited
- J.P. Morgan Securities (Asia Pacific) Limited
- Mizuho Securities Asia Limited
- Standard Chartered Bank (Hong Kong) Limited
- UBS AG
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