Highlights of the Month
- On March 24, Bond Connect Primary Market Information Platform (PMIP) facilitated the issuance of Sichuan Government Bond, the first local government bond leveraging active overseas promotional channel for primary distribution to global investors.
- In spite of the global outbreak of COVID-19, Bond Connect has been operating in a robust manner with continuous support from offshore investors and onshore dealers. Trading tickets totaled 5007 for the month, while the volume amounted to RMB 478.2bn.
- Bond Connect started to support special settlement cycles and recycling settlement in March. Special settlement cycles allow investors across different regions in the world facing different local holiday arrangements to settle trades on T+4 and beyond, mitigating operational risks. Through the recycling settlement service, investors can opt for recycling settlement within the next three business days following the original contracted settlement date by applying to CCDC or SHCH should a trade fails to settle on schedule.
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