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About BCCL
About BCCL

Company Introduction

  • Company Introduction
  • Milestones
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About China Foreign Exchange Trade System (CFETS)
About Bond Connect Company Limited (BCCL)
About Hong Kong Exchanges and Clearing (HKEX)
Founded on April 18, 1994, China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center, is a sub-institution directly affiliated to the People’s Bank of China (PBC).

CFETS adheres to the business principle of “using multiple technical approaches and various trading methods to answer demands from multi-tiered markets”. Under the strategic goal of becoming the “major global trading platform and pricing center for RMB and related products”, CFETS provides a series of services covering issuance, trade, post-trade processing, information, benchmark and training services for interbank FX market, money market and bond market via dedicated line and the Internet with advanced electronic information technologies.

As an important financial infrastructure in China, CFETS undertakes daily monitoring on market transactions, and also provides support and service for PBC’s monetary policy transmission and market self-regulatory organizations. CFETS publishes market benchmarks, including RMB Central Parity Rate, Shanghai Interbank Offered Rate (Shibor), CFETS RMB Index, Loan Prime Rate (LPR), RMB Reference Rate, Bond Indices, yield curves, etc., offering reference prices for the market.

Read more about CFETS at http://www.chinamoney.com.cn/
BCCL is a joint venture established by CFETS and HKEX to support Bond Connect related trading services. CFETS is a major global trading platform and pricing center for RMB and related products, while HKEX is a leading operator of exchanges and clearing houses based in Hong Kong.

Bond Connect is a breakthrough in China mutual market access, allowing investors from Mainland China and overseas to trade in each other's bond markets through a market infrastructure linkage in Hong Kong. Northbound trading commenced on 3 July 2017, offering China Interbank Bond Market (CIBM) access to a broader group of international investors, while Southbound trading will be explored at a later stage.

Established in Hong Kong in 2017, BCCL supports the admission and registration of Northbound investors, liaises closely with the Recognised Access Platforms through which international investors are able to trade CIBM instruments, provides datafeed services, and conducts investor education activities in relation to Bond Connect. On the primary market front, BCCL facilitates dissemination of Chinese primary bond market information and supports NCD primary subscription.
HKEX Group is a leading financial market operator in the world.

From its home in the financial hub of Hong Kong and an additional base in London, HKEX provides world-class facilities for trading and clearing securities and derivatives in Equities, Commodities, Fixed Income and Currency.

Uniquely positioned at the intersection of Chinese and international capital flows, Hong Kong has long been connecting China with the world. With the accelerated opening-up of China’s capital markets, HKEX continues to be a pioneer at the forefront of this historic transition, which it believes will reshape the global market landscape.

Read more about HKEX at http://www.hkexgroup.com
BCCL Team
BCCL consists of Sales & Marketing, Onboarding, Project, Legal & Compliance, Branding & Event, and Operations teams.

Sales & Marketing

Sales & Marketing

Conducts investor education activities via one-on-one meetings, roadshows, seminars, and conferences to publicize and promote the China bond market and the Bond Connect as an access scheme. It is responsible for all international investor adoption, relationship management and marketing related functions.
Onboarding

Onboarding

Leads investor admission from education, tailored solutions for investor registration, filing review and necessary coordination leading to investor approval to invest in the China interbank bond market. It strives to continually streamline and refine the admission process to achieve optimal onboarding experience for the investor community.
Project

Project

Responsible for managing and implementing Bond Connect-related product and project plans, and offering trading related services including datafeed services, backup trading, NCD primary subscription, and dissemination of Chinese primary bond market information, etc.
Legal & Compliance

Legal & Compliance

Responsible for providing legal advisory services and overseeing the compliance and risks management on all aspects of the operation of BCCL.
Branding & Event

Branding & Event

Responsible for planning and execution of all communications and media actions on all channels, including website and social media. It also raises brand awareness and cultivates industry knowledge by organizing Bond Connect conferences, summits, seminars and networking events.
Operations

Operations

Responsible for company operations, risk management, and coordination of working relationships of various parties.