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China's Bond Connect program continues to thrive in July

China's Bond Connect program continues to thrive in July

BEIJING - China's Bond Connect program continued to see robust activity in July, data released by Bond Connect Co Ltd showed. The total monthly trading volume under the program hit 587.6 billion yuan (about $90.96 billion), with the average daily turnover at 26.7 billion yuan. 

 

The program saw a total of 7,205 trade tickets last month, the data showed. In the first seven months of the year, the trading volume under the program topped 3.72 trillion yuan, and the average daily turnover stood at 26.6 billion yuan.

 

By the end of July, Bond Connect had 2,673 approved investors from 34 countries and regions. The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.

 

Source: Xinhua

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