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Flash Report

Celebrating the Year of Ox— Robust Bond Connect Activities in February

26 February 2021

Highlights of the Month


Despite the long holiday in onshore market during Chinese New Year, Bond Connect trading remained very active. Average daily turnover (ADT) stood at RMB 20.7 billion and monthly trading volume accumulated to RMB 310.3 billion. Chinese government bonds and policy financial bonds are investors’ major focus, accounting for 43% and 37% of monthly trading volume respectively.

To further enhance the settlement process for global investors, CMU extended the cut-off time for Bond Connect securities instructions and HK RTGS funding instructions from 2:00 p.m. to 3:00 p.m. with effect from February 18th.

BCCL hosted “Zooming into China's Bond Market” mini seminar in February, featuring Ping An of China Asset Management (Hong Kong) on “Seeking Opportunities Amid Covid - China Sovereign & Green Bonds in Focus”. In the seminar, Ping An shed light on the emerging trends of investing China sovereign bonds via ETF and market insights on China green bonds, while highlighting the risks and opportunities in 2021.

Investors





Trading








Primary Market

In February,  PMIP disclosed the pre- and post-issuance information of 141 primary bonds including PFBs, NCDs, MTNs, financial bonds, enterprises bonds, tier-2 capital bonds, ABSs and financial commercial papers.



* Excluding 7 February 2021 (Sun) and 20 February 2021 (Sat), which are trading days for China but holidays for global investors.