Under the new structure, offshore renminbi-denominated Chinese government bonds will be accepted on a bilateral basis, with settlement through Euroclear Bank
The daily average trade volumes were up 68 per cent year-on-year, reflecting the continued evolution of tokenised market infrastructure and the expanding role of DLT
The association has launched a dedicated webpage for Chinese market participants, bringing together ICMA's work including consultation responses, regulatory developments, and industry guidance
Conducted by The ValueExchange, the survey found that 83 per cent of firms are actively preparing for T+1 settlement, while 58 per cent have formal implementation plans in place, more than double the proportion reported six months ago