Bank of China Inter-Dealer Association: The total trading volume of "Bond Connect" is expected to reach 10.4 trillion yuan in 2024.

Recently, Deputy Secretary-General Cao Yuanyuan of the Bank Of China Interbank Market Traders Association attended the Fourth China-UK Financial Services Summit and stated that by 2024, the annual trading volume of "Bond Connect" will reach 10.4 trillion yuan, continuously assisting foreign investors in allocating Chinese assets, and supporting risk management tools such as interest rate swaps and foreign exchange forwards to reduce transaction costs and uncertainties, boosting the confidence and enthusiasm of overseas investors in participating in the interbank bond market. Currently, there are 1,156 foreign investors in the Bank Of China interbank bond market. Among them, Panda Bonds are favored by international investors, with overseas institutions holding a high proportion of 17.7%. Full text: Deputy Secretary-General of the Traders Association Cao Yuanyuan Attends the Fourth China-UK Financial Services Summit and Delivers a Speech On January 11, 2025, the Fourth China-UK Financial Services Summit was held in Beijing. Deputy Secretary-General of the Traders Association, Cao Yuanyuan, attended the meeting and delivered a speech on the theme "Joining Hands to Discuss the New Chapter of China-UK Bond Market Development". Deputy Secretary-General Cao Yuanyuan introduced the vigorous development of the Chinese bond market, the latest market opening policies and systems, and the investment-friendly market environment. In the next step, the Traders Association will, under the guidance of the People's Bank of China, continue to promote the high-quality development and high-level opening-up of the Chinese bond market. More British institutions are welcome to participate in the development of the Chinese bond market and jointly promote win-win cooperation in the China-UK financial market. Thank you!