Swap Connect Launched, Bond Connect Sees Ever-rising Monthly Trading Volume

16 June 2023

Highlights of the Month

Swap Connect Launch Ceremony was held in Beijing and in Hong Kong on May 15, celebrating the new mutual access programme between the Mainland and Hong Kong interest rate swap markets. BCCL will undertake the mission of assisting CFETS in providing onboarding services to overseas investors in Swap Connect and promoting the scheme to overseas markets.
The monthly trading volume of Northbound Bond Connect reached RMB 972.9 billion in May, with the monthly average daily turnover rising to RMB 46.3 billion. Both indicators have set new highs.
Bond Connect mini seminar series in May featured GF Securities on “A Comprehensive Guide on Onshore Asset Backed Securities”, examining onshore ABS market, investment channels, rationales for looking across the border at onshore ABS, and highlighting the investment opportunities & challenges for global investors.
On May 18, BCCL was invited to China Construction Bank (Asia)'s event “Headwinds or Tailwinds over Global Capital Markets” as a guest speaker, sharing insights on Swap Connect’s onboarding requirements, regulatory policies and investment opportunities to overseas investors.
ePrime supported 2 RMB bond issuances in May, raising RMB 1.748 billion. To better serve the market, ePrime has completed a series of enhancements in its bookbuilding system to adhere closely to current market practice.
PMIP disclosed the pre- and post-issuance information of 92 primary bonds in May, including policy financial bonds, financial bonds and negotiable certificates of deposit.

Northbound Investors and Trading Data

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