Webinar | Getting on the Repo-Connect Bondwagon

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The year 2025 kicked off with exciting developments from the Bond Connect market, marked by the implementation of the new Bond Connect repo arrangement on 10 February 2025, which allowed offshore investors to use their China Inter-bank Bond Market (CIBM) bonds held through Bond Connect for repurchase transactions (repos) in Hong Kong.

In this seminar, experienced practitioners from Linklaters’ Structured Finance and Derivatives team discussed the types of CIBM repos transactions, transaction features and structure, as well as the documentation currently used for these CIBM repos transactions. It was an informative session that provided a comprehensive understanding of how to conduct RMB repo business in Hong Kong.

Topics we will discuss include: 

> Types of RMB Bond Repos

  • Onshore bonds at CCDC and SHCH
  • Onshore Bonds at CMU held through Bond Connect

> Structure of Offshore repos

  • Key features
  • Transaction structure

> Documentation

  • Tripartite Service Repo Agreement
  • Client Repo Service Agreement
  • GMRA/NAFMII Repo Agreement

> The Way Forward

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