China plans to allow its roughly 3.8 trillion yuan social security fund to purchase offshore bonds via the mutual market access channel with Hong Kong, further boosting demand for yuan-denominated assets in the Asian financial hub, Bloomberg reported, citing sources. Under the plan, the National Social Security Fund will be able to buy offshore bonds through Southbound Bond Connect without having to apply for outbound investment quotas from Chinese regulators, streamlining the fund’s investment process and providing a new channel to access Hong Kong's bond market, the news agency said.   [...]