Regulators give the green light to a Southbound Bond Connect channel, connecting Mainland China investors to the Hong Kong bond market to encourage outbound investment.
Brian Lee will join Hong Kong Exchanges and Clearing after working at the Hong Kong Monetary Authority for 25 years.
The adoption of the new settlement system could significantly boost foreign investment into the Chinese domestic bond market.
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
FCA’s latest FinTech pact was signed in London this week.