Bond Connect Flash Report - July 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 July was RMB 858.6 billion, and the monthly average daily turnover stood at RMB 37.3 billion. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 59% and 22% of the trading volume respectively.
- Northbound Swap Connect: 807 transactions were traded in July 2026, with volume of RMB 489.415 billion. By the end of July, 99 overseas institutions had been disclosed as onboarded under Northbound Swap Connect.
- ePrime Issuance Service successfully facilitated 7 issuances with total issue size of RMB 9.779 billion equivalent in July including Shanghai Pudong Development Bank’s successful 3-year Yulan Bonds totaling RMB 3 billion. Participating underwriters of this month, listed in alphabetical order, included Bank of Communications Hong Kong Branch, CEB International, China CITIC Bank International, China Industrial Securities International, China International Capital Corporation, China Minsheng Banking Corp., Ltd. Hong Kong Branch, China Securities International, GF Securities (Hong Kong), Guotai Junan International, Haitong International, HSBC, ICBC (Asia), Orient Securities (Hong Kong), and Shanghai Pudong Development Bank Hong Kong Branch.
- On 3 July, BCCL was invited to attend an offshore renminbi bond valuation themed event, which was co-organised by Postal Savings Bank of China Co., Ltd., China CITIC Bank and China Chengxin Indices. During the event, BCCL explored the market landscape and milestones of Dim Sum bonds, and shared effective measures under the connectivity schemes, with a spotlight on Southbound Bond Connect, to facilitate the growth of the offshore RMB bond market.
- On 7 July, the “Hong Kong FIC & Bond Connect Summit” was successfully co-hosted by the HKMA, SFC, HKEX and BCCL. The summit gathered onshore and offshore regulatory bodies and diversified market participations to announce several landmark initiatives and delve into the opportunities and forward-looking perspectives of the China’s bond market and Hong Kong’s fixed income and currency markets. Click to watch the summit replay.
- On 10 July, BCCL was invited to introduce the latest developments of the Bond Connect and the recent arrangements regarding its upgrade to a trading platform operator at the "Cross-Border Infrastructure Forum" hosted by the Asian Development Bank. The event brought together over 100 senior representatives from regulatory authorities and market institutions across Asia's bond markets.
- PMIP disclosed the pre- and post-issuance information of 94 primary bonds in July.
© 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. **