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PBOC: Overseas Institutions Held RMB3.21 Trillion of Interbank Bonds at End-May
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The People's Bank of China (PBOC) announced that as of end-May, overseas institutions held RMB3.21 trillion of bonds in the interbank bond market, accounting for approximately 1.8% of the total custody balance of the interbank bond market. By bond type, overseas institutions held RMB2 trillion of government bonds, representing 62.3% of the total; RMB760 billion of policy bank bonds, representing 23.7%; RMB300 billion of negotiable certificates of deposit (NCDs), representing 9.3%; and RMB150 billion of other bond varieties, representing 4.7%.

In May, four new overseas institutional entities entered the interbank bond market. As of end-May, a total of 1,198 overseas institutional entities had participated in the market, of which 633 accessed via the settlement agent channel, 842 via the Bond Connect channel, and 277 through both channels.

Related NewsImports YoY for May in China is 27.4%, higher than the previous value of 25.3%. The forecast was 25%.
In May, overseas institutions recorded spot bond trading volume of approximately RMB1.4 trillion in the interbank bond market, with an average daily trading volume of approximately RMB78 billion. (jl/u)
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