PBOC Shanghai said foreign institutions held 3.19 tln yuan of bonds in China’s
interbank market at end-September, about 1.7% of total market custody. By
instruments, holdings were 2.04 tln yuan (63.9%) in government bonds, 0.71 tln
yuan (22.3%) in policy bank bonds, 0.29 tln yuan (9.1%) in negotiable
certificates of deposit, and 0.15 tln yuan (4.7%) in other bonds. Six new
foreign entities entered the interbank bond market in September, taking the
total to 1,209 foreign institutions; 643 accessed via settlement agents, 848 via
Bond Connect and 282 via both channels. In September foreign cash-bond trading
in the interbank market totaled about 1.18 tln yuan, with a daily average of
roughly 53.7 bln yuan.
