Bond Connect draws investors from 33 countries

Bond Connect Company announced there were more than 550 foreign institutions that entered the market through bonds, as of the end of June, and the number of accounts reached 2,012, covering 33 countries and regions.

In the past three years, the cumulative turnover has exceeded 6 trillion yuan (HK$6.58 trillion), and the highest daily transaction volume was 36.9 billion yuan.

Bond Connect also helped Chinese bonds to be included in the Bloomberg Barclays Global Aggregate Index and JP Morgan's Government Bond Index-Emerging Markets.

Pan Gongsheng, deputy governor of the People's Bank of China, pointed out in the past three years, the People's Bank of China, the Hong Kong Monetary Authority and market institutions have jointly promoted the efficient and stable operation of Bond Connect, which has become a vivid way for the China financial market to connect with international practices and fully respect the rules of the Chinese domestic market.

He said the PBoC will launch four new measures, including reducing transaction costs, extending the service time of the transaction service platform appropriately, docking with the new overseas transaction platform, broadening the coverage of services, and further improving the level primary market service quality.