Bond Connect Flash Report - August 2023

Highlights of the Month

The total monthly trading volume of Northbound Bond Connect rose by 36% MoM in August to a new high of RMB 1,089.7 billion. The monthly average daily turnover climbed to RMB 47.4 billion, also marking a historical record. Chinese government bonds and policy financial bonds were the most popular bond types, accounting for 33% and 51% of trading volume respectively.
ePrime Issuance Service successfully facilitated Taizhou Urban Construction and Investment Development Group Co., Ltd. on its issuance of a 3-year USD 500 million sustainable bond on August 31. The transaction was led by Orient Securities (Hong Kong), the Sole Global Coordinator and Sole Green Structuring Advisor.
On August 2, BCCL and Agricultural Bank of China jointly held an online event themed “Seizing New Opportunities, Spurring Development Ahead”, introducing the current investment opportunities in China bond market, money market and under Swap Connect scheme.
BCCL and Ping An Bank co-hosted an event, “Current Development and Investment Opportunities in China's High Grade Credit Bond Markets” on August 31. The event focused on trading opportunities and prospects in China's high grade credit bond market and SSA (Sovereign, Supranational and Agency) debt market, and Ping An Bank's overseas market-making practices.
PMIP disclosed the pre- and post-issuance information of 81 primary bonds in August.

Northbound Investors and Trading Data

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