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China’s stock, bond markets to exceed USD100tr in 10 years

China’s onshore capital markets are expected to expand in breadth and depth in the next 10 years, according to Hong Kong Exchanges and Clearing (HKEX) chief executive Nicolas Aguzin. The country’s onshore stock and bond markets have grown from USD18.6tr to USD30.7tr between 2018 and 2020 and Aguzin expects the markets to expand further in 10 years to exceed USD100tr in value. Among the factors for the growth is Hong Kong’s rapid development as an offshore market for China, he added. HKEX is already preparing for the growing market demand by introducing a series of innovations and reforms, including the introduction of the listing regime for special acquisition companies, or firms established to raise money through an IPO to eventually acquire, or merge with, another company that wants to go public quickly.

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