Core Insights - As of the end of September, the total custody balance of foreign institutions in China's bond market reached 3.8 trillion yuan, accounting for 2.0% of the total custody balance in the market [1] Group 1: Foreign Institutions' Holdings - The custody balance of foreign institutions in the interbank bond market is also 3.8 trillion yuan [1] - Foreign institutions hold 2.0 trillion yuan in government bonds, representing 52.9% of their total holdings [1] - The holdings include 0.9 trillion yuan in interbank certificates of deposit, which accounts for 22.8% [1] - Policy bank bonds held by foreign institutions amount to 0.8 trillion yuan, making up 20.4% of their total holdings [1]

Core Insights - In May, foreign institutional investors in China purchased bonds worth 807.1 billion yuan, while selling bonds amounting to 669.7 billion yuan, resulting in a net purchase of 137.4 billion yuan [1] Group 1: Trading Volume - In May, the total trading volume of cash transactions by foreign institutional investors reached 1,476.8 billion yuan, representing a year-on-year decrease of 13% and a month-on-month decrease of 16% [1] - The trading volume accounted for approximately 5% of the total cash market transaction volume during the same period [1]