Overseas institutions hold RMB3.17 trln bonds on China's interbank market by end-April

Overseas institutional investors held in total 3.17 trillion yuan of bonds on China's interbank bond market by the end of April, showed statistics released by the Shanghai Head Office of the People's Bank of China earlier this week.

The figure, which took up around 2.5 percent of the total outstanding bonds on China's interbank bond market, consisted mainly of Treasury bonds (T-bonds) and policy bank bonds.

By the end of April, holdings of T-bonds and policy bank bonds of overseas institutional investors stood at 2.12 trillion yuan and 0.69 trillion yuan, accounting for 67.0 percent and 21.8 percent of their total bond holdings on interbank bond market.

In April, China's interbank bond market embraced three more overseas institutional investors. By the end of last month, overseas institutional investors that entered China's interbank bond market numbered 1,084. Among them, 528 ones invested via the China Interbank Bond Market Direct scheme and 793 ones entered via the Bond Connect program. Overseas institutional investors that traded bonds via both of the two inward investment channels were 237 ones.

In April, their aggregate cash bond turnover reached about 1.14 trillion yuan and average daily cash bond turnover was about 56.8 billion yuan.