Asifma chief sceptical on planned Bond Connect

It has long been mooted that a bond-trading link between China and Hong Kong would follow the Stock Connect that has been in place for two years. But now a proposal is on the table, some feel it would be little more than a sideshow to the main event: the opening of the China interbank bond market (CIBM) to foreign institutional investors. A retail-focused Bond Connect, as proposed this week by Hong Kong's Financial Services Development Council (FSDC), "could become a distraction f…