Bond Connect Flash Report - January 2024

26 February 2024

Highlights of the Month

In January, the monthly trading volume was RMB 1,071 billion, and the monthly average daily turnover jumped to RMB 48.7 billion, a new record high. Chinese government bond was the most popular bond type, accounting for 65% of the trading volume.
ePrime Issuance Service successfully facilitated 7 issuances with total issue size of RMB 8.9 billion equivalent in January. Participating underwriters, listed in alphabetical order, included Bank of China, BOCOM International, China International Capital Corporation, China Securities International, CITIC Securities, CMB International, ICBC International, Orient Securities (Hong Kong), and Shanghai Pudong Development Bank Hong Kong Branch.
BCCL and Standard Chartered Bank co-hosted an online event “Outlook 2024 - New Chapter of China Connectivity”, presenting latest views on China’s macroeconomic outlook, strategies of investing China, importance of developing risk management tools, and Bond Connect’s development with esteemed speakers from AllianceBernstein HK, BCCL, CSOP and Standard Chartered Bank.
PMIP disclosed the pre- and post-issuance information of 72 primary bonds in January, including financial bonds and policy financial bonds.

Northbound Investors and Trading Data

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