截至11月末境外机构持有银行间市场债券3.61万亿元

Core Insights - The People's Bank of China Shanghai Headquarters reported that as of November 2025, foreign institutions held 3.61 trillion yuan in the interbank bond market, accounting for approximately 2.1% of the total custody volume in this market [1] Group 1: Foreign Holdings - Foreign institutions held 2.03 trillion yuan in government bonds, representing 56.2% of their total holdings [1] - Holdings in policy financial bonds amounted to 0.76 trillion yuan, making up 21.1% of the total [1] - The amount held in interbank certificates of deposit was 0.69 trillion yuan, which is 19.1% of the total [1] - Other types of bonds held by foreign institutions totaled 0.13 trillion yuan, accounting for 3.6% [1] Group 2: Market Participation - In November, 9 new foreign institutional entities entered the interbank bond market [1] - By the end of November, there were 1,187 foreign institutional participants in the market, with 620 entering through settlement agency channels and 839 through the Bond Connect channel [1] - The trading volume of foreign institutions in the interbank bond market was approximately 1.06 trillion yuan in November, with an average daily trading volume of about 532 billion yuan [1]