BRIEFING

Open market operation

In June, the central bank held four repo operations all in the form of interest rate bidding. The trading volume was 30 billion yuan. The central bank issued in price bidding six central bank papers(CBPs) by discount. The real issuance was 65 billion yuan.

Bond issuing

In June, the Ministry of Finance offered one issue of book-entry treasury bond worth of 33.23 billion yuan and also one issue of visible treasury certificate. The China Development Bank(CDB) issued three financial bonds with a value of 60 billion yuan. The Import-Export Bank of China issued 15 billion yuan worth of one financial bond.

Bond listing

In June listed on the national interbank bond market were six CBPs, two treasury bonds and one bond issued by the CDB, with a total value of 154.98 billion yuan.

Market members

By the end of June, members in the national interbank funding market and bond market totaled 978, among which 848 were connected to the interbank lending and bond trading system. As of July 9, 349 institutions signed agreement with the CFETS for outright repo business. The national interbank forex market had a total of 350 members. The members of www.chinacp.com.cn amounted to 985.