BEIJING, July 3 (Xinhua) — Transactions under China‘s Bond Connect program reached 386.1 billion yuan with an average daily turnover of 20.3 billion yuan last month, according to data from China Foreign Exchange Trade System (CFETS).
In breakdown, policy bank bond accounted for 39 percent of the total trading volume in June to 151.1 billion yuan, while the Negotiable Certificates of Deposits made up 27 percent of the total monthly trading volume to 102.9 billion yuan.
According to CFETS, overall 108 overseas institutional investors entered the interbank bond market through the program in June, and the range of foreign clients expanded to 47 countries and regions around the world.
The program was launched in 2017, enabling overseas investors to invest in the Chinese mainland’s interbank bond market using financial institutions of the Chinese mainland and Hong Kong.
(Edited by Yang Yifan, firstname.lastname@example.org)