Foreign Trading of Chinese Bonds via Hong Kong Hits Record High

Overseas funds’ trading of Chinese onshore bonds via Hong Kong hit a record last month, underscoring growing interest for yuan assets amid escalating Middle East tensions.

Monthly turnover on the so-called Northbound Bond Connect reached an unprecedented 1.22 trillion yuan ($179 billion) in March, while average daily volumes also climbed to an all-time high of 55.6 billion yuan, according to a statement from the Bond Connect Co. on Thursday.