1170家境外机构进入中国债市 持债总量约4万亿元

Core Viewpoint - Recent data indicates that as of August 2025, 1,170 foreign institutions from 80 countries and regions have entered the Chinese bond market, holding a total of approximately 4 trillion RMB in bonds [1] Group 1: Market Opening and Growth - The People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange report that the opening of the Chinese bond market to foreign investors has achieved positive results, with an increase in both the number of foreign institutional investors and the scale of bond holdings [1] - The demand for liquidity management through bond repurchase transactions has been steadily increasing among foreign institutional investors [1] Group 2: Bond Repurchase Business - Since 2015, the People's Bank of China has been promoting the opening of the bond repurchase business in the interbank bond market, allowing foreign sovereign institutions, offshore RMB clearing banks, and foreign participating banks to engage in bond repurchase transactions [1] - In 2025, a joint offshore repurchase business was launched with the Hong Kong Monetary Authority, targeting bonds under the "Bond Connect" northbound scheme [1] - On September 26, a joint announcement was made to support foreign institutional investors conducting bond repurchase transactions in the Chinese bond market [1]