Bond Connect Flash Report - April 2026
Highlights of the Month
© 2026 Bond Connect Company Limited. All rights reserved.
Disclaimer:
The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events. **
- Northbound Bond Connect: The monthly trading volume of April was RMB 984.8 billion, and the monthly average daily turnover stood at RMB 46.9 billion. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 58% and 22% of the trading volume respectively.
- Northbound Swap Connect: 828 transactions were traded in April 2026, with volume of RMB 440.126 billion. By the end of April, 96 overseas institutions were onboarded under Northbound Swap Connect.
- ePrime Issuance Service successfully facilitated 7 issuances with total issue size of RMB 8.271 billion equivalent in April. Participating underwriters of this month, listed in alphabetical order, included China CITIC Bank International, China Industrial Securities International, China International Capital Corporation, China Minsheng Banking Corp., Ltd. Hong Kong Branch, China Securities International, CITIC Securities, CNCB Capital, Guotai Junan International, Haitong International, Huatai International, ICBC International, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, and TF International.
- 16 April, the first sharing session in the repo business was held as part of the “Zooming into China's Bond Market” event series, titled as “Repo Business Overview for International Investors”. The session featured China Foreign Exchange Trade System, CMU OmniClear Limited and International Capital Market Association to provide a comprehensive introduction to the repo business in the China bond market, focusing on the infrastructure system framework and its role in repo mechanism, the trading scheme, access procedures, and the practical insights into the GMRA framework.
- 28 April, BCCL and China Minsheng Bank co-hosted an online event “Two-Way Opening of China’s Bond Market: Opportunities and Prospects amid RMB Internationalization”. BCCL and China Minsheng Bank joined hands with Nomura International (Hong Kong) Limited, CMBC Capital Holdings Limited and China Construction Bank London Branch to engage in a deep dive sharing on China’s macroeconomic landscape, Bond Connect recent updates, investment and trading opportunities in onshore RMB bond market and offshore RMB bond markets in Hong Kong, Macau and London.
- In late April, BCCL conducted roadshow activities in South Korea, where it exchanged views deeply with local institutions and gained insights into the local market's financial development. During the trip, BCCL attended a marketing event organized by Bloomberg as the moderator of a panel discussion, introducing the achievements of China's financial market opening-up and onshore infrastructure developments to South Korean institutional investors, as well as exploring RMB asset allocation strategies.
- PMIP disclosed the pre- and post-issuance information of 99 primary bonds in April.
© 2026 Bond Connect Company Limited. All rights reserved.
Disclaimer:
The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events. **