China's Bond Connect program saw robust activities in June, with the average daily trading volume hitting a historic high, data released by Bond Connect Co., Ltd. showed.

The total monthly trading volume under the program hit 641.1 billion yuan (about $99.22 billion), with the average daily turnover reaching 30.5 billion yuan.

The program saw a total of 6,407 trade tickets last month, the data showed.

In the first half of the year, the trading volume under the program totaled 3.14 trillion yuan, and the average daily turnover stood at 26.6 billion yuan.

By the end of June, Bond Connect had 2,650 approved investors from 34 countries and regions.

The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.

Overseas investors buy more Chinese bonds

Data from China Central Depository & Clearing Co., Ltd. showed overseas investors increased their holdings of Chinese bonds in June, marking a surge in purchases for 31 consecutive months.

As of June end, the total amount of yuan bonds owned by overseas institutions reached approximately 3.3 trillion yuan, up 36.57 billion yuan from a month earlier.

In the first half of the year, overseas investors have increased their holdings of yuan-denominated bonds of over 450 billion yuan, up 40.67 percent year on year.

(With input from Xinhua)