债券通2018年运行情况|Flash Report for Bond Connect – October 2018
Bond Connect continues to help expedite the international buyside participation in the Chinese interbank bond market in both investors adoption and trading activities. Following the successful go-live of pre-allocation, Bond Connect further launched the post-allocation function on 29 October 2018.
By the end of October 2018, a total of 450 international institutional investors joined Bond Connect. Among all accounts, 64% are openedby global asset managers and fund managers in the form of various investment products. The scheme has already attracted 28 out of the global top 100 asset managers, who are either on-boarded or in the middle of registration process.
Total trading volume of Bond Connect was RMB 55.0 billion and average daily turnover was RMB 3.05 billion in October 2018. Overall, global investors were net buying Chinese bonds for RMB 13.2 billion in the month. Policybonds, negotiated certificates of deposit (NCD), and Treasury collectively tookup more than 90% of the total trading, while the tenor was skewed to short termbonds less than 3 years.
In the primary market, 439 issues have been marketed via BondConnect since launch. Asset Backed Securities (ABS) accounted for 112 of them,of which 92 issues were backed by residential mortgages and auto loans (Primaryissues data source: Wind).