Data released by Bond Connect Company reveals that Northbound Bond Connect transactions in August amounted to 803.9 billion yuan, marking a 6.37% decrease month-on-month and the third consecutive monthly decline, while still representing a 7.17% increase year-on-year. The average daily trading volume stood at 38.3 billion yuan, up 2.68% from the previous month and 7.28% higher compared to the same period last year.

Policy financial bonds and Chinese government bonds emerged as the most actively traded bond categories, accounting for 58% and 22% of the total transaction volume, respectively. In the Northbound Swap Connect segment, August witnessed a total of 906 transactions, reflecting a 12.27% increase month-on-month and a 14.25% rise year-on-year.

The transaction value for Northbound Swap Connect reached 543.101 billion yuan, showing a 10.97% growth from July and a substantial 29.41% surge compared to the previous year. By the end of August, 99 overseas institutions had participated through the Northbound Swap Connect program.