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on september 24, bond connect "southbound trading" celebrated its third anniversary. after three years of stable operation and exploration, "southbound trading" has not only provided cross-border investment convenience for domestic investors, but also accumulated important experience for the two-way opening of my country's bond market.

in the past three years, the overall momentum of "southbound link" has been good. according to data from the shanghai clearing house, as of the end of july this year, 902 "southbound trading" bonds were under custody through the financial infrastructure interconnection model, with a balance of 466.25 billion yuan. the volume and number of bond custody has increased significantly.

huang ka-shing, managing director of invesco and head of fixed income in asia pacific, said that the "southbound connect" not only provides more diversified investment channels for mainland investors, but also provides assistance for the further vigorous development of hong kong's offshore rmb bond market.

in recent years, my country’s inter-bank bond market has been increasingly opening up to the outside world. in july 2022, the people's bank of china, the hong kong monetary authority, and the hong kong securities and futures commission jointly announced the implementation of "swap connect" and standing currency swap arrangements. on may 15, 2023, "swap connect" was officially launched, and china's bond market has further opened up to the outside world. from "bond connect" to "swap connect", extending from bonds to over-the-counter derivatives, the interconnection between the financial markets of the mainland and hong kong is also constantly deepening.