China May Double Southbound Bond Connect to $139 Billion

CHINA IS CONSIDERING doubling an investment channel local investors use to buy bonds overseas, according to people familiar with the matter, a major step in its efforts to loosen restrictions on financial flows.

- BLOOMBERG

Regulators in the country have held early talks about expanding the so-called Southbound Bond Connect program to as much as 1 trillion yuan ($139 billion), said the people, who asked not to be identified because the details are private. The expansion would be through an up-to 500 billion yuan annual qu