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Robust Bond Connect Activities in February

17 March 2023

Highlights of the Month

  • The total monthly trading volume of Northbound Bond Connect jumped to RMB 743.8 billion in February, with the monthly average daily turnover reaching RMB 37.2 billion. Policy financial bonds (45%) and Chinese government bonds (42%) were most popular.
  • ePrime Northbound Primary Service facilitated the cross-border subscription of RMB 3 billion BMW China Capital three-year panda bonds on February 8, which is the first corporate panda bond issued in 2023. International investors could complete their subscriptions seamlessly and digitally with onshore underwriters by placing orders, receiving allocations and generating confirmation tickets via the connectivity between ePrime and the Bond Issuance, Underwriting and Distribution system of CFETS (iDeal).
  • BCCL and Industrial Bank co-hosted an event, “2023 China's Economic Outlook and Opening-up of China Bond Market” on February 15, looking into prospects of China’s economy in 2023, as well as trends, opportunities, and strategies of onshore RMB bond & financial derivatives trading.
  • In February’s mini seminar themed “What's New for China in the Post-COVID Era?”, BCCL invited experts from CSPI Ratings to share their insights on macroeconomic outlook for China in 2023, comparison between China and global credit rating systems, as well as credit profile of the public finance sector.
  • PMIP disclosed the pre- and post-issuance information of 104 primary bonds in February, including policy financial bonds, perpetual bonds and enterprise bonds.

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.