In August, Bond Connect Northbound Trading recorded a turnover of 803.9 billion yuan, with an average daily turnover of 38.3 billion yuan.

Bond Connect Company has released its latest data. In August, Northbound Trading of Bond Connect recorded a turnover of 803.9 billion yuan (same unit below), down 6.37% month-on-month, marking the third consecutive monthly decline, while up 7.17% year-on-year; average daily turnover was 38.3 billion yuan, up 2.68% month-on-month and up 7.28% year-on-year. Among them, policy financial bonds (PFB) and Chinese government bonds were the most traded bond types, accounting for 58% and 22% of turnover, respectively. In terms of Northbound Swap Connect, a total of 906 transactions were executed in August, up 12.27% month-on-month and also up 14.25% year-on-year; turnover amounted to 543.101 billion yuan, up 10.97% month-on-month and surging 29.41% year-on-year. As of the end of August, 99 overseas institutions had participated through Northbound Swap Connect.