【Bond Connect】Bond Connect Northbound trading volume in January reached 942.5 billion RMB, up over 47% month-on-month

SocialAnxietyStaker · 2026-03-06T01:46:09+00:00

In January, the Bond Connect Northbound trading volume reached 942.5 billion RMB, an increase of 47.38% compared to the previous month; the daily average was 44.9 billion RMB, up 61.51%. Policy financial bonds and Chinese government bonds accounted for the main trading volume. The Northbound swap channel completed 987 transactions, totaling 576.599 billion RMB, involving 87 overseas institutions. Additionally, Xinzhayi facilitated 8 bond issuances with a total scale of 15.662 billion RMB.

SocialAnxietyStaker

2026-03-06 01:46:09

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Bond Connect Company announced that in January, Bond Connect Northbound trading reached 942.5 billion RMB (same below), an increase of 47.38% month-on-month; the average daily trading volume was 44.9 billion RMB, up 61.51% month-on-month.

Among them, policy financial bonds (PFB) and Chinese government bonds had the highest trading volumes, accounting for 51% and 34% of the total, respectively.

▲ 【Bond Connect】Northbound trading volume in January reached 942.5 billion RMB, up over 47% month-on-month

In terms of Northbound swap transactions, there were a total of 987 trades in January, with a total transaction amount of 576.599 billion RMB. As of the end of January, 87 overseas institutions had participated through the Northbound swap channel.

Bond Connect Company stated that its offshore bond issuance system, ePrime, facilitated 8 bond issuances in January, with a total issuance scale of 15.662 billion RMB. This includes the first successful issuance of 3-year and 5-year offshore RMB bonds by the Hong Kong branch of China Development Bank in Macau, with an issuance scale of 5.5 billion RMB. Additionally, the New Bond Information Platform (PMIP) disclosed information on 97 primary bond issuances before and after issuance within the month.

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