BEIJING – Trading volume under China’s Bond Connect program in March reached 478.2 billion yuan ($68.31 billion ), according to the China Foreign Exchange Trade System (CFETS).

In spite of the global outbreak of COVID-19, the program has been operating in a robust manner, with headway in both primary and secondary markets, the CFETS noted in its monthly report for the program.

The program saw a total of 5,007 trade tickets, with an average daily turnover at 21.7 billion yuan last month, the report showed.

In breakdown, policy financial bonds and treasury bonds accounted for 50 percent and 30 percent of the total trading volume in March, respectively.

Turnover of trading in negotiable certificates of deposit accounted for 16 percent of the monthly trading volume, according to CFETS.

The Bond Connect program, launched in July 2017, is a mutual market access scheme which allows overseas investors to invest in the Chinese mainland’s interbank bond market using financial institutions on the mainland and in Hong Kong.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

China weighs new fiscal stimulus plan

Experts urge nation to consider revising GDP growth target to 3% for this year China is close to unveiling an additional fiscal stimulus package to prevent layoffs and debt defaults and secure its post-COVID-19 economic recovery, experts said on Friday.…

JetBlue to cut flights in and out of hometown New York by as much as 80%

CHICAGO (Reuters) – JetBlue Airways Corp (JBLU.O) plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts due to…

Air France to get $7.6-billion government aid package

PARIS — The French and Dutch governments announced at least 9 billion euros ($9.7 billion) in bailout money Friday to rescue Air France and KLM, whose planes have been largely grounded by virus lockdowns around the world. The partner airlines…

Chicken industry execs indicted in price fixing case

New York (CNN Business)Senior executives from two major US chicken producers have been indicted for allegedly conspiring to fix prices and rig bids on “broiler chickens,” which are sold to grocery stores and restaurants. The indictment, returned Wednesday by a…