In June, the Bond Connect Northbound trading reached 864.9 billion RMB. The trading of policy financial bonds and government bonds was the most active.

date
19:59 22/07/2026
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GMT Eight
In June 2026, the Bond Connect Northbound trading volume was 864.9 billion RMB, with a daily average trading volume of 41.2 billion RMB. Trading of policy financial bonds and government bonds was the most active, accounting for 56% and 23% of the monthly trading volume respectively.
The Bond Connect Company released a report stating that in June 2026, the Bond Connect Northbound transactions amounted to 864.9 billion RMB, with a daily average transaction of 41.2 billion RMB. The trading of policy financial bonds and government bonds was the most active, accounting for 56% and 23% of the monthly trading volume respectively. In June 2026, there were a total of 1,280 transactions through the Northbound Stock Link, totaling 754.812 billion RMB, with a total of 98 overseas institutions entering the market. In June, the ePrime Bond Issuance System facilitated the issuance of 5 overseas bonds, with a total issuance volume of 6.845 billion RMB. The participating underwriters for this month, in alphabetical order based on their English names, were: Bank Of China Hong Kong Branch, CISI FIN, CICC, China Securities Co., Ltd. International, CITIC SEC, China Merchants Bank, Bank of Communications Co., Ltd., GUOTAI JUNAN I, HAITONG INT'L, Huatai International, and TF International. On June 17, 2026, China Merchants Bank London Branch successfully subscribed to the 5-year Panda Bonds issued by Barclays Bank Limited through the ePrime Cross-border Subscription Service. This issuance was the second tranche of Panda Bonds issued by Barclays Bank Limited in the Bank Of China bond market in 2026, with a total issuance size of 5 billion RMB, including two varieties of 3-year and 5-year (with redemption options) bonds with coupon rates of 1.73% and 1.98% respectively. In this subscription, ePrime interconnected with the China Foreign Exchange Trading System's Bond Issuance and Distribution System (iDeal), enabling China Merchants Bank London Branch to complete ordering, allocation, and final subscription online. This not only demonstrates the increasing maturity of cross-border interconnection of financial infrastructure but also serves as another successful example of China's bond market in the context of high-quality two-way opening. On June 12, the Bond Connect Company participated in a seminar hosted by the Macau Financial Market Association in Macau. During the event, the Bond Connect Company summarized practical measures and past experiences in supporting the development of Macau's modern financial industry and promoting the offshore RMB market in Hong Kong and Macau. They also detailed the development trends of the Hong Kong primary bond market, the Bond Connect two-way interconnection mechanism, and the ePrime issuance service system, with a special system simulation practical operation segment to help deepen the understanding of Macau practitioners on cross-border bond business. In June, the "New Bond Information Platform" released information on the issuance and results of a total of 68 bonds.