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Economy

Mainland-Hong Kong Bond Connect starts trading after Xi's visit

Program intends to lure international investors into China's $9.6tn bond market

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor speaks at the launch ceremony for the Bond Connect program. (Photo by Joyce Ho)

HONG KONG -- The mainland-Hong Kong Bond Connect program started trading on the first working day following Chinese President Xi Jinping's three-day visit to Hong Kong to celebrate the 20th anniversary of the city's handover to China by Britain.

A total of 142 deals worth 7.05 billion yuan ($1.04 billion) were traded among 70 overseas institutions on Monday when the market closed Monday. Of those, 128 transactions were initiated by the buyside, according to the China Foreign Exchange Trade System.

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