Earlier re this:
China eyes plan to ramp up offshore bond purchases via Southbound ConnectThe announcement follows earlier reports that authorities are considering doubling the quota of the Southbound Bond Connect program to the equivalent of USD 139 billion — a move that would mark a significant step in easing capital controls and promoting two-way market access.
The measures align with Beijing’s broader goal of enhancing the global role of the yuan, while also diversifying investment channels for domestic institutions.
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