8月末境外机构在中国债券市场持债约4万亿元

Core Insights - The international influence and attractiveness of China's bond market have significantly increased, with 1,170 foreign institutions from over 80 countries holding approximately 4 trillion RMB in bonds as of the end of August [1] Group 1: Market Activity - In the first eight months of this year, the trading volume of bond spot transactions by foreign institutional investors reached about 11.8 trillion RMB, with the "Bond Connect" northbound trading volume accounting for approximately 7.2 trillion RMB [1] - The "Swap Connect" business has also seen continuous growth, with over 15,000 transactions and a cumulative nominal principal amount of about 8.2 trillion RMB, representing more than a ninefold increase since its launch [1] Group 2: Market Size and Growth - As of the end of August, the total balance of China's bond market reached 192 trillion RMB, making it the second largest in the world [1] - The bond issuance scale in the first eight months of this year exceeded 59 trillion RMB, reflecting a year-on-year growth of 14%, with net bond financing amounting to 11.8 trillion RMB, establishing it as the second largest channel for financing the real economy [1]