BEIJING, May 21 (Xinhua) -- Overseas institutional investors added their bond holdings on the interbank bond market in April, with their total holdings up to 4.05 trillion yuan, reported Xinhua Finance citing data released by the Shanghai Head Office of the People's Bank of China on Tuesday.
By the end of April, overseas institutions' bond holdings on the interbank bond market accounted for about 2.9 percent of the total outstanding bonds on the interbank bond market in China.
By products, their T-bond holdings and policy bank bond holdings stood at 2.22 trillion yuan and 0.88 trillion yuan respectively and took up 54.8 percent and 21.7 percent of their comparable total.
By the end of April, 1,129 overseas institutional investors traded bonds on the interbank bond market, of which 562 ones transacted via the China interbank bond market direct (CIBM Direct) scheme, 823 ones traded through the Bond Connect program and 256 ones transacted via both of the two channels.
Overseas institutions' bond holdings grew from 3.21 trillion yuan at the end of March 2023 to 4.05 trillion yuan at the end of April this year.
In April, overseas institutional investors contributed about 1.77 trillion yuan of cash bond turnover for the interbank bond market, with their daily average at around 80.3 billion yuan.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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