Mainland China’s foreign reserve would continue to increase asset allocation in Hong Kong, providing further momentum to the city’s capital market development, the governor of the People’s Bank of China said on Tuesday.Pan announced that the annual net investment quota under the Bond Connect scheme would be increased to 800 billion yuan (US$117.82 billion) from the current 500 billion yuan quota.The programme would also expand the number of eligible products to include Hong Kong dollar bonds and related yuan-denominated assets, with the scope extended to cover Macau’s bond market.More to follow ...