Zhang Yi: This year’s “Bond Connect” has an Average Daily Transaction of 38.9 Billion Yuan, and More Than 800 Overseas Institutions

Zhang Yi, President of China Foreign Exchange Trade System and Chairman of Bond Connect Co., Ltd., said at the “Bond Connect Annual Forum 2023” today that the development of “Bond Connect” has lived up to expectations in the past six years.
During the six-year period, the “Bond Connect” business may fluctuate, but the momentum of upward development is obvious to all.
In 2017, the average daily transaction of “Bond Connect” was 2.2 billion yuan, and the average daily transaction of “Bond Connect” this year reached 38.9 billion yuan;
In 2017, more than 70% of the “Bond Connect” transactions were bonds of less than three years, and this year, medium and long-term bond transactions of more than three years accounted for more than 50%;
In 2017, 178 overseas institutions participated in “Bond Connect”, and this year there are more than 800;
In 2017, “Bond Connect” only opened the bond secondary market transactions. This year, the primary market and foreign exchange trading services have also been carried out in an orderly manner. The “Swap Connect” for derivatives transactions has also been launched.