Denmark-based Saxo Bank announced on Monday it is launching full digital access to Chinese bonds to further expand its China services. According to Saxo, qualified institutional clients are now able to trade mainland China bonds. It was revealed:
“The connectivity is enabled via the Hong Kong based Bond Connect mechanism, which is a mutual bond access programme launched in 2017, allowing overseas and Mainland China investors to trade in each other’s bond markets. The launch of mainland China bonds further strengthens Saxo Bank’s unparalleled global multi-asset trading and investment platforms – available in more than 20 languages.”
While sharing more details about the new service, Fan Xu, CEO of Greater China, Saxo Bank, stated:
“Chinese securities are an increasingly important part of an international investors’ portfolio, as demonstrated by record inflows into Chinese stocks in January this year, as well as strong international inflows into Chinese bonds in 2018. At the same time, Chinese government bonds emerged among the best-performing government bonds of 2018. We are therefore proud to be the first to deliver full digital access to Chinese bonds to help our clients build strong diversified investment portfolios.”
Saxo went on to add that it has a strong track record in the fixed income markets. It launched its digital bond trading solution in 2016, which is fully integrated into the banking group’s multi-asset trading and investment platforms. Saxo currently offers access to a universe of over 5,000 bonds, including more than 3,400 developed-market and over 1,600 emerging-market bonds.