Bond Connect Flash Report - September 2023

Highlights of the Month

In September, the total monthly trading volume of Northbound Bond Connect was RMB 897.9 billion. The monthly average daily turnover stood at RMB 44.9 billion. Chinese government bonds and policy financial bonds were the most popular bond types, accounting for 36% and 49% of trading volume respectively.
ePrime Issuance Service successfully facilitated 4 issuances with total issue size of RMB 3.36 billion equivalent in September. The issuers included Wuhan Jiangxia Agriculture Group Company Limited, Gansu Provincial Highway Aviation Tourism Investment Group Co., Ltd., Jiangyin State-owned Assets Holding (Group) Co., Ltd., and Xuchang City Investment Corporation.
On September 14, Bond Connect series event featured Bank of China (Hong Kong) Limited and Bank of China Trading Center (Shanghai) on An Advanced Introduction to Swap Connect from Market Making, Investing and Clearing Perspectives, delving into the prospects of onshore IRS market, trading mechanism and clearing methods of Swap Connect.
On September 26, BCCL was invited as a guest speaker to attend China Construction Bank’s event "Serving and Constructing the Greater Bay Area for Mutual Development-Forum on Serving the Opening-Up of China Capital Market", sharing insights on opening-up, connectivity mechanisms and market development opportunities for overseas investors.
PMIP disclosed the pre- and post-issuance information of 72 primary bonds in September.

Northbound Investors and Trading Data

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The information or data contained in the Bond Connect Flash Report, and if applicable, its attachment and covering email, is for general information purposes only and should not be used as a substitute for investment, accounting, tax, legal or other professional advice. It is not directed at, nor is it 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 the applicable law, regulation or regulatory requirement, or which would subject us Bond Connect Company Limited, or any of our affiliates, to any licensing or regulatory requirement in such jurisdiction or country. Neither we nor any of our affiliates (i) guarantee the accuracy, validity, timeliness, completeness or correctness of any such information or data and (ii) accept any responsibility in that connection, or any liability for any direct or indirect loss or damage arising from the use of or reliance on any such information or data.