China's Bond Connect program reports robust operation in June

The trading volume under China's Bond Connect program in June reached 422.1 billion yuan (about 59.76 billion U.S. dollars), according to a monthly report released by Bond Connect Company Limited.

The program saw a total of 5,318 trade tickets, with an average daily turnover of 21.1 billion yuan last month, the report showed.

By the end of June, the program had 2,012 approved international investors, including 72 of the top 100 global asset management companies, the report said, adding that the program welcomed its first investor from Russia last month.

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