Online One-stop Settlement Failure Reporting Service Launched under Bond Connect Northbound Trading

21 July 2023

Highlights of the Month

In June, Northbound Bond Connect monthly trading volume was RMB 753.3 billion, with average daily turnover standing at RMB 35.9 billion. Chinese government bonds and policy financial bonds were the most popular bond types, accounting for 37% and 45% of trading volumes respectively.
The Online One-stop Settlement Failure Reporting Service for Northbound Trading of Bond Connect jointly provided by CFETS, CCDC, SHCH and BCCL was launched on June 30. Parties of the Northbound Trading of Bond Connect are no longer required to submit the settlement failure reporting forms to CFETS, CCDC or SHCH if they choose to report failed settlements using the service. This will significantly enhance the efficiency and convenience of settlement failure reporting.
In June, ePrime Northbound Primary Service welcomed China Bohai Bank Hong Kong Branch as its 50th investor onboarded. The service allows international investors to participate in the Northbound subscription of CIBM new issuances with onshore underwriters through the connectivity between ePrime and iDeal. It supports the crossborder subscription of various types of bonds, such as Chinese government bonds, policy financial bonds, medium term notes, short-term commercial papers etc.
PMIP disclosed the pre- and post-issuance information of 149 primary bonds in June, including policy financial bonds, medium term notes, financial bonds, and commercial papers.

Northbound Investors and Trading Data

Disclaimer:

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