On 9 Jul 2024, The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) welcomed the announcement of the People’s Bank of China (PBoC) to support offshore investors to use onshore bonds issued by the Ministry of Finance and policy banks on the Mainland and held under Northbound Bond Connect as margin collateral for Northbound Swap Connect transactions.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR119