Bond Connect Flash Report - April 2024
20 May 2024
Highlights of the Month
- In April, the monthly trading volume was RMB 896.8 billion, and the monthly average daily turnover stood at RMB 40.8 billion. Chinese government bond was the most popular bond type, accounting for 60% of the trading volume.
- ePrime Issuance Service successfully facilitated 19 issuances with total issue size of RMB 21.53 billion equivalent in April including China Development Bank Hong Kong Branch‘s dual-tranche 3 and 5 year offshore RMB Belt and Road Themed issuance on 16 April, totaling 2.8 billion. Participating underwriters of this month, listed in alphabetical order, included Bank of China*, Bank of Communications, BOCOM International, China Industrial Securities International, China International Capital Corporation, China Securities International, CITIC Securities, CMB International, Guotai Junan International, Huatai International, ICBC International, Industrial Bank Hong Kong Branch, and TF International.
- BCCL hosted the ePrime Issuance Service Enhancements Update and Industry Consultation Event on 26 April, where BCCL shared the latest progress of ePrime Issuance Service and upcoming product developments. Participants also actively engaged in discussions on book-building, industry trends as well as feedback on future developments.
- On 10 April, BCCL and MarketAxess jointly hosted a Trader’s Table, inviting guests from banks, security firms and asset managers to discuss latest updates on electronic trading, data analysis, and cross-border initiatives such as Swap Connect and Repo. For more details, visit News Realease page.
- On 17 April, Bond Connect series event featured Ping An Asset Management on “Seizing Opportunities in 2024: A Sharing on China's Macroeconomic Outlook and Bond Index Enhancement Strategies”, delving into China’s microeconomic outlook, investment dynamics in Chinese bond market, and practical application of bond index tracking and index enhancement strategies.
- PMIP disclosed the pre- and post-issuance information of 92 primary bonds in April.
*Bank of China includes Bank of China Limited, a joint stock company incorporated in the People’s Republic of China with limited liability, and Bank of China (Hong Kong) Limited.
Northbound Investors and Trading Data




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