MARKETING BRIEFING IN SEPTEMBER 2002
In September, the People誷 Bank of China (PBC) held four open market operations using repo and bond trading. On September 24, the open market operation office of the PBC proclaimed that the 91-day, 182-day and 364-day immature repo operations done from June 25 to September 24 this year would be converted into central bank papers with the same maturities, which will be listed on the interbank bond market and act as trading instruments of the open market operation.
Bond issuing
In September, the Ministry of Finance, China Development Bank, the Import and Export Bank of China, and China International Trust and Investment Corporation had five bond issuances through the interbank market, amounting to RMB 60.6 billion yuan. The Ministry of Finance also offered two issues of bonds to the stock exchange and public market. These issuances amounted to RMB 64 billion yuan.
Market members
By the end of September, members in the national interbank funding market and bond market totalled 683, and the national interbank forex market had 317 members.