BEIJING, April 2 (Xinhua) -- Bond Connect, a program launched in 2017 under which investors in the Chinese mainland and Hong Kong are able to trade bonds on each other’s interbank bond markets, registered 478.2 billion yuan of turnover in March, reported Xinhua Finance, a financial information platform run by Xinhua News Agency.
On Monday, Bond Connect Company Limited (BCCL) released its quarterly operation report, saying Bond Connect program underwent steady operation in March when foreign investors and domestic market makers made 5,007 deals.
To further facilitate foreign investors and satisfy their diversified transaction and settlement needs, the program added services for transactions in special settlement periods and rolling settlement services.
By the end of March, about 1,818 foreign institutional investors made bond investment in China’s bond market via the Bond Connect.
BCCL is a joint venture set up by China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to handle Bond Connect-related trading services, support and assist admission preparation for Northbound investors. (Edited by Duan Jing, duanjing@xinhua.org)
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