Saxo Bank Launches Digital Access to China Mainland Bonds

Saxo Bank, a multi-asset broker, announced this Monday that it has increased access to Chinese securities, further strengthening its position as a gateway to China for foreign investors.

Now, qualified institutional clients of the Danish broker can trade mainland China bonds, from one of the largest bond markets in the world with a size of $12 trillion. This new offer is available through the Hong Kong-based Bond Connect mechanism, Bond Connect gateway, a mutual bond access programme launched in 2017.

To remain compliant with regulations of the People’s Bank of China, qualified institutional investors have access to 127 China bonds with CNH as a Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term currency through Saxo Bank.

The Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading provider offers full digital access to these bonds via a ‘click to trade” functionality, giving foreign investors easy and automated access to a market that has historically been difficult for foreign investors.

Commenting on the news, Fan Xu, CEO of Greater China, Saxo Bank, said: “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 Bank Continues China Focus

The announcement today follows on from a number of steps Saxo Bank has taken to improve its Chinese investment offering. As Finance Magnates reported, the broker added China A-Shares to its service offering in June of last year.

Further developments such as the one today are likely to continue as the Denmark-based firm has stated that it will continue to broaden its exposure and capitalize on opportunities in China as its financial markets continue to open.