China’s Bond Connect initiative sees active trading

China’s Bond Connect programme saw robust activity in May, with total monthly trading volume hitting 505.9 billion yuan (Rm324.3bil), according to a report released by Bond Connect Co Ltd.

The programme saw a total of 5,094 trade tickets last month, with an average daily turnover of 28.1 billion yuan (Rm18bil), read the report.

Chinese government bonds and policy financial bonds are investors’ major focuses, according to the report.

By the end of May, Bond Connect had 2,563 approved investors, including 78 of the top 100 global asset-management companies, according to the report.

The Bond Connect programme, launched in July 2017, is a mutual market-access scheme that allows overseas investors to invest in the Chinese mainland’s interbank bond market.

Last year saw China’s civil aviation industry recover fast from the impact of the Covid19, according to the civil aviation authority.

The industry reported 418 million passenger trips last year, 63.3% of the number registered in 2019, data released by the Civil Aviation Administration of China showed.

The transportation volume recovered quarter by quarter last year, and by the fourth quarter, passenger trips on domestic flights returned to 95.5% of the volume registered in the same period of 2019, according to the data.

Investment in fixed assets reached 162.76 billion yuan (Rm105bil) last year, hitting a record high, said the administration.

The investment in basic construction and technological reform reached 108.14 billion yuan (Rm69bil) last year, up 11.6% from that of 2019. As of the end of 2020, China’s total number of certified civil transport airports reached 241, according to the administration.