Once Northbound investors complete their Bond Connect onboarding and required setups (including cash account opening) with their designated Hong Kong settlement banks, which include a primary settlement bank and general settlement banks (if applicable), they may proceed with foreign exchange registration, which consists of two parts:
1. Bond Connect investors can submit the "Registration Form for Bond Connect Investors Conducting FX Business in the Overseas Bank-to-Customer Market" to BCCL directly or through the designated Hong Kong FX Settlement Banks. After that, BCCL will submit the application to CFETS.
2. Bond Connect investors should inform the Hong Kong Monetary Authority (HKMA) of the appointment through the Primary FX Settlement Bank*.
2. Bond Connect investors should inform the Hong Kong Monetary Authority (HKMA) of the appointment through the Primary FX Settlement Bank*.
Bond Connect investors may conduct CNY currency conversion and foreign exchange hedging transactions with the designated Hong Kong FX Settlement Banks after registration.
*Investors are advised to refer to the rules and policies issued by CFETS and the HKMA for comprehensive guidance.
Please refer to our website Trading, Clearing and Settlement | Bond Connect for more details.
Download FORMS.
The application forms posted above are for general reference. Eligible investors are advised to apply for FX registration through the BCCL E-Filing System.
For any questions, please feel free to contact BCCL at +852 23270595 or email to fx@chinabondconnect.com.
Last updated on 28 August 2025