MARKET BRIEFING IN SEPTEMBER 2003

 

Open market operations

In September, the People's Bank of China issued 90 billion yuan worth of seven central bank papers. The bank held two open market operations of reverse repo valued at 50 billion yuan. On September 25, the bank performed redemption operations of central bank papers using price-bidding, with total par value equaled to 19.57 billion yuan.

 

Bond issuing

In September, the Ministry of Finance, the China Development Bank, and the Export & Import Bank of China offered seven issues of bonds worth 86 billion yuan and US$500 million through the national interbank bond market.

 

Bond listing

In September, seven central bank papers and eight bonds were listed on the national interbank bond market.

 

Market members

By the end of September, members to the national interbank funding market and bond market totaled 874, among which 739 were connected to the network. The national interbank forex market had a total of 337 members. Members to the website www.chinacp.com.cn equaled 614.