Since the launch of Bond Connect eight years ago, it has become overseas investors’ preferred channel to access China’s bond market, with international holdings soaring fivefold to 4.4 trillion yuan ($613.25 billion), said Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX) on Tuesday.  

In the first five months of this year, Bond Connect recorded an average daily turnover of nearly 47 billion yuan, representing a 30-fold increase since its launch in 2017.

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As global investors increasingly seek diversification and growth opportunities, the Chinese mainland’s bond market has significant growth potential in the coming years, she noted at the Bond Connect anniversary summit on Tuesday.  

Bond Connect, a mutual bond market access scheme between the mainland and Hong Kong, has seen a growing demand for connectivity between global markets and the mainland’s onshore market, she stated.

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Amid geopolitical volatility, Hong Kong's enhanced mechanisms uniquely position us to bridge global capital with the mainland’s opportunities, she stated, emphasizing the city's role in facilitating stable cross-border investment flows.    

Contact the writer at mikegu@chinadailyhk.com