Hong Kong Broaden Investment and Financing Links with Mainland

(Bloomberg) — Hong Kong announced several measures to deepen financial links with the Chinese mainland — including facilitating real estate purchases and expanding the Wealth Connect program.

Financial Secretary Paul Chan and other Hong Kong officials outlined six new measures on Wednesday, including opening China’s onshore repo market and allowing bonds issued by the Chinese government as well as its policy banks as qualified collateral for the Hong Kong Monetary Authority’s Renminbi Liquidity Facility.