The Hong Kong Monetary Authority has appointed Crédit Agricole CIB as a designated market maker for southbound Bond Connect, the scheme that aims to promote the development of Hong Kong’s bond market and contribute to Hong Kong’s role as an international finance centre and gateway for capital flows for mainland China.

Leveraging its global position in all euro-based credit solutions and in green and sustainable finance, Crédit Agricole CIB says it is committed to growing the connectivity between China and the rest of the world. The bank, which has been actively participating in local bond programmes, is a market maker of the exchange fund bills and notes.

“Crédit Agricole CIB is a committed market maker for bonds we bookrun and an active secondary market liquidity provider,” says Dominique Blanchard, head of global markets for Asia-Pacific. “As a leading firm in debt capital market, Crédit Agricole CIB is consistently one of the top three players in Hong Kong dollar and CNH bond markets.

“With the extensive network of trading floors we have around the world, we will continue to facilitate cross-border transactions and hedging solutions for both issuers and onshore investors under this scheme.”