China Bond Link
Clearstream launched its China Bond Link in October 2016 to coincide with the inclusion of the Renminbi (RMB) in the IMF’s Special Drawing Rights (SDR) reserve currency basket. Clearstream’s China Bond Link provides eligible international investors with individual quota-free access to the onshore Chinese Interbank Bond Market (CIBM), leveraging simplifications recently brought in by Chinese regulators. The CSSF has also recently granted access for UCITS managers in Luxembourg to access CIBM and invest into Chinese Fixed Income instruments under this simplified scheme.
Clearstream’s China Bond Link builds on these factors to provide international investors with a unique ICSD access path to the domestic CIBM, without the limitations and quota restrictions that confine other schemes harnessing domestic Chinese assets such as QFII or RQFII.
Clearstream is working with customers to facilitate the setup of the operational and legal structures necessary for customers to access, settle and hold onshore assets. We will support daily processing with our standard suite of ICSD value-added services, including corporate actions processing and reporting.