HSBC acts in the capacity of onshore bond settlement agent for Clearstream's overseas institutional investor customers, providing trading execution, settlement and custody services in the CIBM.
Ian Banks, Head of HSBC Securities Services for Asia-Pacific, said: "Partnering with Clearstream places us in an excellent position to help foreign institutional investors tap into opportunities in the world's third largest bond market, where approximately RMB54 trillion is currently traded interbank."
Philip Brown, Co-Chief Executive Officer of
Clearstream Banking S.A., said: "This development coincides with
an important milestone, i.e. the inclusion of the RMB into IMF's
SDR currency basket, which is expected to boost investors' demand
for what is already the third largest bond market in the