Highlights of the Month

• In July, the monthly trading volume of Northbound Bond Connect was RMB 1,057.0 billion, with an average daily turnover of RMB 46.0 billion for the month. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 43% and 35% of the trading volume respectively.
• In July, 572 transactions were traded through the Northbound Swap Connect, with volume of RMB 300.74 billion. By the end of July, 63 overseas institutions were onboarded under Northbound Swap Connect.
• ePrime Issuance Service successfully facilitated 13 issuances with total issue size of RMB 17.143 billion equivalent in July. Participating underwriters of this month, listed in alphabetical order, included Agricultural Bank of China Limited Hong Kong Branch, Bank of China, China Industrial Securities International, China International Capital Corporation, China Securities International, CITIC Securities, CMB International, CNCB Capital, Guotai Junan International, Haitong International, Huatai International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong), and Shanghai Pudong Development Bank Hong Kong Branch.
• ePrime Northbound Subscription Service facilitated offshore investors’ cross-border subscription of FITS Jianpu 2024-3 Small and Micro Business Loan Asset-Backed Securities on 16 July. The Asset-Backed Securities had a total issuance amount of RMB 11.2 billion. The seamless connectivity between ePrime and iDeal (the Bond Issuance, Underwriting and Distribution system of CFETS) allowed offshore investors to successfully complete their online subscriptions, which encompassed order placement, allocations, and the generation of confirmation tickets.
• Bond Connect Anniversary Summit 2024 was held on 9 July to celebrate the 7th anniversary of Bond Connect.
• PMIP disclosed the pre- and post-issuance information of 86 primary bonds in July, including policy financial bonds and financial bonds.

Northbound Investors and Trading Data