Bond connect program sees robust trading CHINA’S Bond connect program continued to see robust activity in August, data released by Bond Connect Co. showed. The total monthly trading volume under the program hit 577.6 billion yuan (US$89.44 billion), with the average daily turnover at 26.3 billion yuan. The program saw a total of 6,480 trade tickets last month, the data showed. Chinese government bonds and policy financial bonds were investors’ major focuses, accounting for 47 percent and 42 percent of the monthly trading volume, respectively, according to the data. By the end of August, the program had 2,733 approved investors, the data showed. Futures market continues to grow in August CHINA’S futures market continued to report year-on-year growth in both trading volume and turnover in August, industrial data showed. The futures trading volume last month stood at 639.17 million lots, with a total turnover of 52.22 trillion yuan (US$8.1 trillion), according to the China Futures Association. The figures rose 15.88 percent and 13.61 percent from the same period last year, respectively. In the first eight months of the year, the market’s trading volume totaled 4.97 billion lots, an increase of 36.58 percent year on year, the association said. The January-August period saw a total turnover of 388.32 trillion yuan, up 51.18 percent year on year. New third board turnover hits US$15.7b THIS year’s cumulative turnover of China’s main over-the-counter (OTC) equity market has reached 101 billion yuan (US$15.7 billion) as of Friday. The National Equities Exchange and Quotations (NEEQ), also known as the “new third board,” registered a turnover of over 7.9 billion yuan in the transaction week spanning Aug. 30 to Sept. 3. As of Friday, there are 7,299 companies on the board. Chongqing issues first QDLP approval ICHAM Pte. Ltd., a Singaporean company, has obtained a license for conducting Qualified Domestic Limited Partner (QDLP) business, making it the first fund manager to receive the qualification in southwestern China’s Chongqing Municipality. The newly qualified company has been granted a QDLP quota totaling US$200 million. The QDLP outbound investment program aims to offer channels for qualified domestic institutions to invest overseas. | 