Bond Connect Flash Report - June 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 June was RMB 864.9 billion, and the monthly average daily turnover stood at RMB 41.2 billion. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 56% and 23% of the trading volume respectively.
- Northbound Swap Connect: 1280 transactions were traded in June 2026, with volume of RMB 754.811 billion. By the end of June, 98 overseas institutions were onboarded under Northbound Swap Connect.
- ePrime Issuance Service successfully facilitated 5 issuances with total issue size of RMB 6.845 billion equivalent in June. Participating underwriters of this month, listed in alphabetical order, included Bank of China Hong Kong Branch, China Industrial Securities International, China International Capital Corporation, China Securities International, CITIC Securities, CMB Wing Lung Bank, CNCB Capital, Guotai Junan International, Haitong International, Huatai International, and TF International.
- On 17 June 2026, China Merchants Bank London Branch successfully subscribed the 5-year panda bond issued by Barclays Bank PLC through the ePrime Northbound Subscription Service. This issuance marks Barclays Bank PLC's 2026 Series 2 Panda bond offering on China's interbank bond market, with a total offering size of RMB 5 billion across a 3-year and a 5-year (with redeem option) tranche, with coupon rates of 1.73% and 1.98%, respectively. The seamless connectivity between ePrime and iDeal (the Bond Issuance, Underwriting and Distribution system of CFETS) enabled China Merchants Bank London Branch to successfully complete their online subscription, encompassing order placement and allocation. This milestone demonstrates the growing maturity of cross-border connectivity between financial market infrastructures and serves as another successful example of the high-standard, two-way opening-up of China’s Bond Market.
- On 12 June, BCCL was invited by Macau Financial Markets Association to support its seminar in Macau. During the event, BCCL summarized the initiatives and previous experiences in supporting the development of Macau’s modern financial industry and promoting the Hong Kong and Macau offshore RMB markets. BCCL also delivered a detailed overview of the development trends in Hong Kong's primary bond market and the two-way connectivity mechanism under Bond Connect, spotlighted the ePrime issuance service system, and conducted a hands‑on deal simulation session to help attendees deepen their understanding of cross‑border bond investment.
- PMIP disclosed the pre- and post-issuance information of 68 primary bonds in June.
© 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. **