Clearstream partners with HSBC for access to Chinese bond market

HSBC and Clearstream team up for access to China’s Interbank Bond Market.

By Hayley McDowell

Clearstream and HSBC have teamed up to enable customers of the international central securities depository access to China’s Interbank Bond Market.

HSBC will be the onshore bond settlement agent for Clearstream’s overseas institutional investor clients, also providing trading execution, settlement and custody services. 

Head of HSBC Securities Services for Asia-Pacific, Ian Banks, explained the partnership places the firm in an “excellent position to help foreign institutional investors tap into opportunities in China’s Interbank Bond Market.”

Clearstream’s co-chief executive officer, Philip brown, added that the development coincides with an important milestone; “the inclusion of the RMB into IMF’s SDR currency basket.”

He added it also “represents our focus on Asia and will enable us to offer out clients an attractive and efficient solution to build and further develop their exposure to China’s onshore bond market.”