SHANGHAI :
China's Bond Connect Program Gathers Steam in September
Xu Wei
DATE:  Oct 07 2020
/ SOURCE:  Yicai
China's Bond Connect Program Gathers Steam in September China's Bond Connect Program Gathers Steam in September

 

(Yicai Global) Oct. 7 -- The trading volume under China's Bond Connect program in September reached 419 billion yuan (about 61.53 billion U.S. dollars), according to a monthly report released by Bond Connect Company Limited yesterday.

The program saw a total of 5,270 trade tickets, with an average daily turnover of 19 billion yuan last month, the report showed.

By the end of September, the program had 2,171 approved investors, including 74 of the top 100 global asset management companies, the report said.

The Bond Connect program, launched in July 2017, is a mutual market access scheme that 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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Keywords:   Bond Connect