Highlights of the Month

• Northbound Bond Connect: the monthly trading volume of August was RMB 954.3 billion, with an average daily turnover of RMB 43.4 billion for the month. Policy financial bond and Chinese government bond were the most popular bond types, accounting for 43% and 36% of the trading volume respectively. In terms of tenor, 0-1Y made up 40% of the trading volume, being the highest.
• Northbound Swap Connect: 575 transactions were traded in August, with volume of RMB 312.08 billion. By the end of August, 64 overseas institutions were onboarded under Northbound Swap Connect.
• ePrime Issuance Service successfully facilitated 20 issuances with total issue size of RMB 27.618 billion equivalent in August. Participating underwriters of this month, listed in alphabetical order, included Bank of China, China CITIC Bank International, China Industrial Securities International, China International Capital Corporation, China Securities International, CITIC Securities, CMB International, Guotai Junan International, Haitong International, Huatai International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, and TF International.
• PMIP published the pre- and post-issuance information of 89 primary bonds in August.

Northbound Bond Connect Investors and Trading Data