Milestones

• BCCL’s service fee is lowered by 60%
• CGBs and PFBs held by overseas investors through Northbound Bond Connect can be used as collateral for Northbound Swap Connect, starting from 13 January 2025.

• ePrime Issuance Service facilitated over 100 bond issuances

• Office relocation

• Bond Connect Anniversary Summit 2024 was held

• Enhancements for ePrime Issuance Service were rolled out, covering access control, orderbook customization and filter, password reset, etc.

• Optimized features for Northbound Swap Connect were launched with the introduction of solo compression service, backdated trades and IMM trades

• The list of eligible collateral for RMB Liquidity Facility was expanded by the HKMA, to include onshore RMB bond investment in China Government Bonds and Policy Financial Bonds under Northbound Bond Connect.

• Chile added to growing list of cleared jurisdiction

• ePrime Northbound Subscription Service opened to CIBM Direct investors

• 3 rounds of major enhancement releases for ePrime Issuance Service

• New record high of monthly trading volume at RMB 1.1 trillion

• Bond Connect Anniversary Summit 2023 was successfully held to mark the sixth anniversary of Bond Connect

• Online one-stop settlement failure reporting service for the Northbound Trading of Bond Connect was launched
• Approved investors of Northbound Bond Connect exceeded 800 (in terms of incorporated entities)

• Swap Connect was officially launched
• Monthly trading volume of Northbound Bond Connect reached new record high at RMB 972.9 billion
• 1st Bond Connect investor from Portugal

• Monthly trading volume of Northbound Bond Connect rose to record high at RMB 956.2 billion

• Record high of monthly trading volume at RMB 823.9 bn

• Global footprint expansion with the latest addition of Greece

• Bond Connect 5th anniversary
• Announcement of Swap Connect
• Launch of ePrime Northbound promary service
• Service fee reduction

• Top 100 Global AMs coverage extension to 80

• 1st Bond Connect investor from Brazil

• Daily trading record high at RMB 51bn
• Addition of ePrime offshore underwriters to 27
• 1st Bond Connect investor from Norway (35th jurisdiction)

• Launch of closing order trading service
• Extension of tax exemption for overseas institutional investors till end of 2025

• CGB inclusion into FTSE Index
• Bond Connect investor number topped 3000 (in terms of products/mandates)
• 3rd party FX Registration Service on E-Filing System

• Launch of Southbound
• Go-Live of CNYPlus system
• Addition of MarketAxess as the latest access platform

• Bond Connect 4th Anniversary

• Commencement of registration service for 3rd Party FX

• E-Filing System upgrade to support entity-level filing

• Enabling dealer pay model

• Rollout of Entity Level Filing
• Introduction of FX risk management service

• CDB offshore RMB bond issuance via ePrime.
• Electronic T+N settlement is available via Tradeweb and Bloomberg for Bond Connect Trading.

Bond Connect ePrime launched and facilitated the 1st bond issuance from ADBC.

• Bond Connect trading hour extension to 20:00 (CST).
• Announcement of 3rd Party FX which facilitates investors to face up to 3 Hong Kong FX settlement banks.
• FTSE Russell announces prospective China bonds inclusion in WGBI, subjected to final assessment in Mar 2021 and scheduled to start in Oct 2021.

• Bond Connect celebrates third anniversary. PBoC announces 4 new initiatives: fee reduction, trading hour extension, expansion of trading platforms and primary market service offering enhancements.

Approved Bond Connect investors topped 2000 worldwide (in terms of products/mandates).

• Global roll-out of Bond Connect E-Filing System.
• Launch of Defaulted Bond Transfer service.
• Onshore market makers expanded to 56.

Enablement of special settlement cycles beyond T+3 & recycling settlement.

JPMorgan Index inclusion of Chinese securities.

• BCCL welcomes first overseas CSTP data interface user.
• BCCL launches E-Filing Portal.
• Bond Connect introduces List Trading Function.

JPMorgan confirmed China bonds inclusion effective from Feb 2020.

Extension of settlement cycle to T+3 for international investors.

• Bond Connect hosts summit to mark its second anniversary.
• 13 new dealers are added to a total of 47.
• Live streaming of indicative prices is launched.

Number of approved investors reached 1000 (in terms of products/mandates).

• Bond Connect Backup Trading Procedures are rolled out.
• Maximum number of allocation accounts increased from 30 to 50.

• China bonds start to be included in Bloomberg Barclays Global Aggregate Index.
• NCD primary subscription is available.
• HKMA CMU extended securities settlement and cash input deadlines.

The Central Bank of Ireland (CBI) greenlights Irish UCITS and AIFs to invest via Bond Connect.

BCCL launches Primary Market Information Platform and signs MOU with ADBC.

Bond Connect welcomes Bloomberg as second e-trading platform.

Number of approved investors reached 500 (in terms of products/mandates).

Tax policies have been further clarified, exempting foreign institutional investors from enterprise income tax and value added tax for their bond investments in China for three years.

Bond Connect won GlobalRMB Award.

• Real-time delivery-versus-payment (DVP) is fully implemented.
• Bond Connect launches block trade allocations.
• Bond Connect won Shanghai Financial Innovation Award 2017.

• Bond Connect celebrates first anniversary.
• 10 new dealers are added to a total of 34.

Bond Connect is successfully launched.

CFETS and HKEX establish Bond Connect Company Limited.