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“The latest repo arrangement would help financial institutions “optimise the use of collateral and unlock the fragmented pockets of high-quality collateral such as Chinese government bonds (CGBs)”, said Philippe Dirckx, managing director and head of fixed income at the Asia Securities Industry & Financial Markets Association.
“I am optimistic about the establishment of a ‘Repo Connect’ as it is a natural step in the market’s opening-up and an important development to further internationalise the use of CGBs and the adoption of the yuan,” Dirckx said.”
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