Bond Connect Flash Report - November 2023

30 November 2023

Highlights of the Month

In November, the total monthly trading volume of Northbound Bond Connect rose to RMB 985.6 billion. The monthly average daily turnover stood at RMB 44.8 billion. Chinese government bonds and policy financial bonds were the most popular bond types, accounting for 48% and 35% of trading volume respectively.
ePrime Issuance Service successfully facilitated 5 issuances with total issue size of RMB 6.21 billion equivalent in November. Participating underwriters, listed in alphabetical order, included Bank of China, China Securities International, CITIC Securities, and Orient Securities (Hong Kong).
On November 13, Bond Connect series event featured China Construction Bank and China Construction Bank (Asia) Corporation Limited on “China Money Market and Swap Connect Outlook: Strategies and Opportunities”, taking a closer look at China money market, onshore IRS market and investment opportunities of Swap Connect.
On November 15, BCCL and S&P Global jointly hosted a networking event “China and Global Markets – Where Do We Go from Here?”, inviting industry professionals to discuss developments in China’s fixed income market and derivatives market, and prelude the prospect of macroeconomy in 2024.ntroduction to onshore IRS market and how overseas investors could participate in onshore derivatives market via Swap Connect.
PMIP disclosed the pre- and post-issuance information of 91 primary bonds in November.

Northbound Investors and Trading Data

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