Crédit Agricole CIB is appointed as Designated Market Maker for Southbound Bond Connect

Crédit Agricole CIB is pleased to be appointed as designated market maker for Southbound Bond Connect by the Hong Kong Monetary Authority (HKMA). The scheme aims to promote the development of Hong Kong SAR’s bond market and contribute to Hong Kong SAR’s role as an international finance centre as well as gateway for capital flows for Mainland China.

Leveraging its global leading position in  all euro-based credit solutions and in green and sustainable finance, Crédit Agricole CIB is committed to the growth of the connectivity between China and the rest of the world. The Bank has been actively participating in local bond programmes and has been a market maker of the Exchange Fund Bills and Notes.

“Crédit Agricole CIB is keen to facilitate the opening of the Chinese bond markets by offering tailor-made and ground-breaking solutions for our local, regional and global clients. Being appointed as an active participant in this important scheme is a strong testimony of our unique leadership in this field and our dedication towards Chinese issuers. We look forward to seeing more southbound bond related transactions which will pave the way for more market participation.”

Michel Roy, Senior Regional Officer for Asia-Pacific

“Crédit Agricole CIB has a long history of over 120 years operating in both Mainland China and Hong Kong SAR and we are very honoured to become a designated market maker for the Southbound scheme. The Bank will continue to bring valuable contribution to the scheme through its strong network and product capabilities.”

Edouard O’Neill, Chief Executive Officer of Crédit Agricole CIB Hong Kong branch
 

“Crédit Agricole CIB is a committed market maker for bonds we bookrun and an active secondary market liquidity provider. As a leading firm in debt capital market, Crédit Agricole CIB is consistently one of the top three players in Hong Kong Dollar and CNH bond markets. With the extensive network of trading floors we have around the world, we will continue to facilitate cross-border transactions and hedging solutions for both issuers and onshore investors under this scheme.”

Dominique Blanchard, Head of Global Markets for Asia-Pacific