BOND Connect and China Interbank Bond Market (CIBM) are two of the newest investment schemes aimed at further opening up China's growing bond market. 

Ying-ying Tan, managing director, transaction banking at Standard Chartered, discusses the "tale of two schemes" with most Asia-based investors going for CIBM citing flexibiilty of use over Bond Connect that is drawing mostly participants from outside Asia. Tan says this poses a challenge for banks that cater to varying demands relating to the schemes.