The Hong Kong Monetary Authority announced on the 8th the optimized arrangements for offshore RMB bond repurchase business to further facilitate Bond Connect "North Link" investors to participate in offshore RMB bond repurchase business. Specific optimization measures include supporting the reuse of collateral bonds during repurchase periods, as well as supporting foreign currency settlements (including Hong Kong dollars, US dollars, and euros). The optimization measures will be officially launched on August 25th. The Hong Kong Monetary Authority stated that these two optimization measures aim to benchmark international market practices, improve market operation convenience, further expand the depth and breadth of the offshore repo market, improve the market-oriented arrangement mechanism for offshore RMB liquidity, and enhance the use of onshore RMB bonds as collateral in the offshore market. In addition, in order to strengthen the role of the Bond Connect and improve the construction of the offshore RMB market, the HKMA has worked closely with mainland regulators and made many progress. On the same day, Yu Weiwen, the president of the HKMA, said at the "Bond Connect Annual Forum 2025" that the scope of Bond Connect's "southbound" investors has been officially expanded since August 8, covering non banking institutions such as securities, funds, insurance and wealth management, and opening more channels to meet the needs of mainland investors in diversified asset allocation. At the same time, by expanding the investor base and enhancing market liquidity, we will further promote the development of the Hong Kong bond market and increase its attractiveness to bond issuers and global investors. (New Society)