Bloomberg RMB repo trading solution expands reach
30 September 2025 China

Bloomberg has announced the expansion of its RMB repo trading solution to support global investors accessing onshore liquidity in China’s bond markets.
The expansion follows the recent announcement by the People’s Bank of China (PBoC) to allow all overseas institutional investors already investing in China’s bond markets, to participate in the onshore repo business to access RMB liquidity.
Bloomberg launched its RMB repo trading solution in February 2025 to support offshore RMB repo trading, enabling global investors to conduct repo and/or reverse repo trading using eligible onshore bonds as collateral.
Following these changes, Bloomberg’s solution will continue to facilitate repo trading with designated market makers — whether offshore or onshore — through a unified electronic trading workflow.
Commenting on the expansion, Gary Lo, head of offshore China trading at Crédit Agricole Corporate and Investment Bank, states: “Cross-boundary bond repo trading enables global investors who already hold Chinese bonds to participate in the onshore repo market, creating a seamless bridge between markets that optimises funding access and enhances bond utilisation efficiency.
“It is one of the most important infrastructures built to link onshore and offshore using Chinese bonds as collateral.â€
Bing Li, head of Asia Pacific at Bloomberg, states: “Launching the cross-boundary bond repurchase arrangement significantly expands offshore investors’ access to RMB liquidity and strengthens the framework supporting foreign participation in China’s bond markets.
“As the first offshore trading solution provider, Bloomberg has worked closely with CFETS to ensure our solution delivers an efficient workflow for global investors. This reflects our ongoing commitment to supporting our clients in navigating China’s bond markets as they internationalise.â€
Global investors who have executed cross-boundary repo trades with onshore market makers using Bloomberg’s solutions on the first trading day include Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, and Bank of China Limited Macau Branch, among others.
Recognised by the PBoC, Bloomberg offers various solutions for mutual market access schemes between Hong Kong and mainland China, including Bond Connect and Swap Connect, to support cross-border investment.
The expansion follows the recent announcement by the People’s Bank of China (PBoC) to allow all overseas institutional investors already investing in China’s bond markets, to participate in the onshore repo business to access RMB liquidity.
Bloomberg launched its RMB repo trading solution in February 2025 to support offshore RMB repo trading, enabling global investors to conduct repo and/or reverse repo trading using eligible onshore bonds as collateral.
Following these changes, Bloomberg’s solution will continue to facilitate repo trading with designated market makers — whether offshore or onshore — through a unified electronic trading workflow.
Commenting on the expansion, Gary Lo, head of offshore China trading at Crédit Agricole Corporate and Investment Bank, states: “Cross-boundary bond repo trading enables global investors who already hold Chinese bonds to participate in the onshore repo market, creating a seamless bridge between markets that optimises funding access and enhances bond utilisation efficiency.
“It is one of the most important infrastructures built to link onshore and offshore using Chinese bonds as collateral.â€
Bing Li, head of Asia Pacific at Bloomberg, states: “Launching the cross-boundary bond repurchase arrangement significantly expands offshore investors’ access to RMB liquidity and strengthens the framework supporting foreign participation in China’s bond markets.
“As the first offshore trading solution provider, Bloomberg has worked closely with CFETS to ensure our solution delivers an efficient workflow for global investors. This reflects our ongoing commitment to supporting our clients in navigating China’s bond markets as they internationalise.â€
Global investors who have executed cross-boundary repo trades with onshore market makers using Bloomberg’s solutions on the first trading day include Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, and Bank of China Limited Macau Branch, among others.
Recognised by the PBoC, Bloomberg offers various solutions for mutual market access schemes between Hong Kong and mainland China, including Bond Connect and Swap Connect, to support cross-border investment.
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