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Saturday, September 07, 2019, 15:31
Bond Connect sees record-high trading volume in August
By Xinhua
Saturday, September 07, 2019, 15:31 By Xinhua

The Hong Kong Exchanges and Clearing Ltd (HKEx) flag, the Chinese national flag and the Hong Kong Special Administrative Region flag fly outside the Exchange Square in Hong Kong on Jan 20, 2017. (EDMOND TANG / CHINA DAILY)

BEIJING - Trading volume under the Bond Connect program in August reached 338.6 billion yuan, according to the China Foreign Exchange Trade System (CFETS).

By the end of August, Bond Connect has drawn in 1,244 institutional investors, with another 110 investors onboard during the month

The reading, up 68.5 percent month on month, was record high in monthly trading volume, the CFETS said in its monthly report for the program.

The program saw a total of 3,338 trade tickets, with an average daily turnover at 15.39 billion yuan last month, the report said.

READ MORE: Bond Connect recognized globally amid 2nd anniversary

In breakdown, policy financial bonds accounted for 55.7 percent of the total trading volume in August to 188.6 billion yuan, while Chinese government bonds contributed 97.8 billion yuan, 28.9 percent of the total monthly trading volume.

Trading in negotiable certificates of deposit saw a turnover of 44.1 billion yuan, accounting for 13 percent of the monthly trading volume, according to CFETS.

"By the end of August, Bond Connect has drawn in 1,244 institutional investors, with another 110 investors onboard during the month," the report said.

ALSO READ: Bond Connect online platform 'will assist global investors'

The Bond Connect program, launched in July 2017, is a mutual market access scheme which allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.  


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