PBOC'S Pan said at the Hong Kong Fixed Income and Currency Summit and Bond
Connect Forum on the 7th that amid heightened global rate and inflation
volatility, Chinese bonds' relative stability and lower volatility provide
unique diversification benefits and continue to draw demand for increased
allocations from international investors. Coupled with lower renminbi financing
costs, Hong Kong's renminbi bond market faces a rare development opportunity;
Hong Kong can seize the moment to attract more sovereign wealth funds and
international corporates to issue bonds there.