2026年3月银行间债券市场境外业务运行情况
截至2026年3月底，以法人为统计口径，630家境外机构投资者通过结算代理模式入市，本月新增3家；840家境外机构投资者通过债券通模式入市，本月新增1家。
By the end of March 2026, in terms of incorporated entities, 630 overseas investors have registered through CIBM Direct scheme, adding 3 new entities over last month. 840 overseas investors through Bond Connect scheme, adding 1 new entity over last month.
截至3月底境外机构入市情况
Registered number of overseas investors by the end of March
3月，境外机构投资者共达成现券交易19073亿元1，同比增加8%、环比增加49%，交易量占同期现券市场总成交量的约5%。3月，境外机构投资者买入债券10114亿元，卖出债券8959亿元，净买入1156亿元。其中，通过结算代理模式达成6832亿元（代理交易6042亿元、直接交易790亿元），净买入892亿元；通过债券通模式达成12241亿元，净买入264亿元。
In March, the cash bond trading turnover of overseas investors amounted to 1907.3 billion yuan, with increase of 8% YoY and of 49% MoM. This amount represented about 5% of the total turnover for interbank cash bond market of the same month. The total monthly figure comprised 1011.4 billion yuan of bond purchase and 895.9 billion yuan of bond sell, giving a net purchase of 115.6 billion yuan. The turnover reached 683.2 billion yuan for CIBM Direct (604.2 billion yuan through agent trade and 79.0 billion yuan through Direct-RFQ service) with net purchase 89.2 billion yuan, and 1224.1 billion yuan for Bond Connect with net purchase of 26.4 billion yuan.
3月，境外机构投资者在延长时段共成交2271亿元，占同期境外机构交易量的约12%。
In March, overseas investors traded 227.1 billion yuan during extended trading hours, which accounted for 12% of the total turnover of overseas investors.
3月境外机构投资债券类型分布
（Bond Type）
3月境外机构投资债券待偿期分布
（Bond Tenor）
3月境外机构现券交易结算周期分布
（Settlement Cycle）
由于进位原因，各项数字加总或与总计数字略有出入。
Due to rounding, some totals may not correspond with the sum of the separate figures.
南向通方面，3月境内机构持续投资交易境外债券，主要为离岸人民币债、美元债等。
In March, onshore investors mainly traded CNH bonds, USD bonds and others through Southbound Bond Connect.
2026年3月，“北向互换通”共达成交易1461笔、8207.97亿元，累计入市境外机构95家。
In March, 1461 transactions were traded through the Northbound Swap Connect, with volume of 820.797 billion yuan. By the end of March, 95 overseas institutions participated under Northbound Swap Connect.
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