Bond Connect Flash Report - September 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 September was RMB 718 billion, and the monthly average daily turnover stood at RMB 32.6 billion. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 52% and 24% of the trading volume respectively.
- Northbound Swap Connect: 915 transactions were traded in September 2026, with volume of RMB 484.144 billion. By the end of September, 99 overseas institutions had been disclosed as onboarded under Northbound Swap Connect.
- ePrime Issuance Service successfully facilitated 4 issuances with total issue size of RMB 3.585 billion equivalent in September. Participating underwriters of this month, listed in alphabetical order, included Bank of China (Hong Kong), China International Capital Corporation, Huatai International, ICBC International, Shanghai Pudong Development Bank Hong Kong Branch, and TF International.
- On 8 September, BCCL was invited by China Securities to attend its conference and discuss the development of RMB internationalization and mutual market access mechanisms. During the panel discussion, BCCL shared the latest measures to drive the two-way capital flows, enrich the offshore RMB liquidity pool, and facilitate interest rate risk management, focusing on advancements in key products such as offshore RMB bond repo, Swap Connect and ePrime.
- On 15 September, BCCL attended the Sino-European Finance Summit co-organised by Bank of China and the German Investment Funds Association (BVI). BCCL provided a detailed introduction to the connectivity schemes such as Bond Connect and Swap Connect, along with their achievements from the perspective of supporting the China-Europe capital market connectivity, and outlined its vision and initiatives to further streamline cross-border investment and deepen China-Europe capital cooperation.
- On 17 September, BCCL participated in the RMB Internationalization Seminar in Macau hosted by Bloomberg. As a moderator of the panel discussion themed RMB Internationalization in Macau, BCCL engaged with the guests to explore the effective pathways for Macau to establish the offshore RMB market, the innovative mechanisms to enhance the cross-border transaction and financing efficiency in recent years, and the concrete measures to continuously promote the development of Macau and Lotus bond markets.
- PMIP disclosed the pre- and post-issuance information of 90 primary bonds in September.
© 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. **