Day 1 - Wednesday 18th September 2019
Wednesday, September 18th, 2019
Market participation in Bond Connect has been growing steadily, with average daily volumes reaching RMB6.55 billion in June 2018, more than double the daily average volumes in the first quarter of the year. And with recent announcement of the exemption of income tax and the full implementation of delivery-versus-payment for settlement, how has bond connect contributed to the increase in the number of approved overseas institutional investors? In this panel, our expert speakers will address:
- What is required of the RMB to support the growth in international investment, including via Bond Connect?
- Bloomberg Barclays index inclusion - What will the new index inclusions mean for the Chinese bond market and will it promote greater participation and awareness and lead to further demand for more investment products?
- With multiple bond market access schemes now available, how can foreign investors navigate them?
- QFII and RQFII trading volumes are quite small - How much of this volume has gone to the Connect schemes?
- Have improvements to access schemes affected the listing arbitrage opportunities that used to exist?
- Bond Connects full Implementation of RDVP - How has this attracted more foreign investors to seek investment opportunities in China’s interbank bond market?
Day 2 - Thursday, September 19th 2019
Thursday, September 19th, 2019
With China now being fully accounted in the Global Aggregate Index and the local currency Chinese bonds being the fourth largest currency component following the US dollar, euro and Japanese yen, what are the opportunities that lay ahead for foreign investors? Our speakers here will shed light on:
- What are the key factors and drivers of both the offshore and onshore markets?
- What are the issuers and investors looking for in each market?
- China On shore bonds: Does index inclusion support them in terms of where we are given all the problems?
- China bid has gone to China offer - As China's new bond issuance last year has struggled and are we going to see a continuation of this trend and will China bid come back?
- How much is the China bid worth in terms of the pricing?
- Are we going to see some increase in offshore China issuance - How is that expected moving forward and should we invest in more onshore in China Vs offshore?
With the recent green bond taxonomy labelling, US$5 billion worth of green bonds being issued and the launch of the 3 year green bond grant scheme in Sep 2018, how will this unveil a long-term stable return for investors? Our speakers here will examine:
- The rise of an asset class - What is
- Asia’s role in the drive to green and sustainable capital markets?
- What are the main reasons for SEA’s luke warm reception to green bonds?
- Much of the growth in Asian green bond issuance is in China - What can the finance industry do to boost green investments in developing nations in SEA?
- How can portfolio managers include ESG in the decision making, how they can achieve this and what kind of standards can they follow?
- The growing importance around these ESG investments both from the supplier and the demand side -How open are issuers to issue green bonds?
- What is the level of compliance costs that goes along with this and how are issuers getting compensated for the costs associated with reporting?
- What initiatives can IFC take to further increase the number of investors for banks in developing countries that issue green bonds?
- Can project bonds become a major part of Asia’s capital market landscape?
- Will the major opportunities prove to be in the offshore or domestic markets?
- How can local currency bonds serve as an alternative avenue for infrastructure financing in Asia Pacific?
- How can infrastructure bonds fill the region’s infrastructure investment gap?
- Can project bonds be considered as a separate fixed income asset class?
What are the key factors that make local currency bond financing difficult for infrastructure projects in developing Asia?