On December 17th, the China Bond Information website reported that, according to data disclosed by the People's Bank of China, as of the end of November 2024, overseas institutions held 4.15 trillion yuan of bonds in the interbank market, accounting for approximately 2.7% of the total custody volume of the interbank bond market. In November, 3 new overseas institutions entered the interbank bond market. By the end of November, a total of 1156 overseas institutions had entered the market. As of the end of November 2024, overseas institutions had a total of 3.01 trillion yuan of bonds under custody by the China Central Depository and Clearing Co., Ltd., with the breakdown as follows: In terms of channels, the custody volume through the "Global Connect" channel was 2.29 trillion yuan, while the volume through the "Bond Connect" channel was 713.1 billion yuan, with the "Global Connect" channel accounting for 76.28%. Looking at different types of bonds, overseas institutions mainly held 2.08 trillion yuan of government bonds, accounting for 69.16%; and held 867.3 billion yuan of policy bank bonds, accounting for 28.84%. In November 2024, the trading and settlement volume of overseas institutions with the China Central Depository and Clearing Co., Ltd. was 1.44 trillion yuan. This included 416.8 billion yuan in spot trades and 432.2 billion yuan in repurchase agreements through the "Global Connect" channel, totaling 849.1 billion yuan; and 586.1 billion yuan in spot trades through the "Bond Connect" channel.