Offshore Institutions Hold over 3.8 Trillion Yuan in Interbank Market Bonds at End of September

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Offshore institutions held 3.84 trillion yuan in bonds on China’s interbank bond market as of the end of September, according to data released by the Chinese central bank on 13 October.

The holdings of offshore institutions accounted for 3.5% of China’s interbank bond market custodial amount.

Offshore institutions held 2.28 trillion yuan in Chinese sovereign bonds, for 59.3% of the total, as well as 1.08 trillion yuan in policy finance bonds, for 28.0% of the total.

September saw 12 more offshore institutions enter China’s interbank bond market, bringing the total to 991. 494 offshore institutions are direct participants in China’s interbank bond market, while 703 make use of the Bond Connect initiative, and 206 avail themselves of both channels.

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