Pan Gongsheng: The annual net investment quota for Bond Connect's Southbound Trading increased to 800 billion yuan.

People's Bank of China Governor Pan Gongsheng stated on July 7 at the "Hong Kong Fixed Income and Currency Summit and Bond Connect Forum" that financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area will be deepened, including expanding the scale and scope of the Southbound Bond Connect, raising the annual investment quota from 500 billion yuan to 800 billion yuan, and including Southbound Bond Connect bonds in the scope of repo support, expanding the product range to include HKD bonds and RMB bond-related products, and extending to the Macau bond market. (Interface News)
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