Bond Connect turnover jumps to 4b yuan

Business | 7 Nov 2018 2:00 pm

The average daily turnover of the Bond Connect scheme, which connects China’s interbank bond market with the world, increased by 52 percent in the third quarter to 4.1 billion yuan, the Hong Kong Exchanges and Clearing reported today.

In addition, the number of approved overseas institutional investors participating in Bond Connect continued to increase. As of September 30, 2018, there were 445 approved investors from over 20 jurisdictions, compared with 247 as of December 31, 2017.

Overall foreign holdings in China’s interbank bond market reached 1.68 trillion yuan at the end of September 2018, more than double the size since the launch of Bond Connect.

The Bond Connect gives international investors north-bound access to trade bonds directly on the China Foreign Exchange Trading System for the first time.-The Standard

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