In this July 3, 2017 photo, executives and guests attend the Hong Kong launch ceremony for Bond Connect, which gives international investors access to the China Interbank Bond Market directly from Hong Kong. (PHOTO / IMAGINECHINA)
BEIJING – China's Bond Connect program continued to see robust activity in August, data released by Bond Connect Co showed.
The total monthly trading volume under the program hit 577.6 billion yuan (about US$89.44 billion), with the average daily turnover at 26.3 billion yuan.
The program saw a total of 6,480 trade tickets last month, the data showed.
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Chinese government bonds and policy financial bonds were investors' major focuses, accounting for 47 percent and 42 percent of the monthly trading volume, respectively, according to the data.
By the end of August, Bond Connect had 2,733 approved investors, the data showed.
The Bond Connect program, launched in July 2017, allows investors from the Chinese mainland and overseas to trade in each other's bond markets through a market infrastructure linkage in Hong Kong