BRIEFING

Open market operation

In September, the central bank held six repo operations with the trading volume reaching 38 billion yuan, down 8 billion yuan from August. It issued ten central bank papers in the form of price-bidding, with the value reaching 136 billion yuan, 55 billion yuan more than August.

Bond issuing

The Ministry of Finance issued an additional 30.3 billion yuan worth of book-entry bond in September. It also offered an issue of visible treasury certificate. The China Development Bank (CDB) offered one issue of financial bonds with a value of 20 billion yuan. The China Construction Bank (CCB) issued 8.3 billion yuan worth of subordinated bond.

Bond listing

Listed on the national interbank bond market in September were eleven central bank papers, two treasury bonds, one bond issued by the CDB, one bond issued by the Import & Export Bank of China, and two bonds issued by the CCB with a total value of 254.59 billion yuan.

Market members

By the end of September, there were 1,001 members of the national interbank funding market and bond market, among which 884 were connected to the network. 405 institutions signed agreement with CFETS for outright repo business. The national interbank FX market had a total of 350 members. The members of www.chinacp.com.cn amounted to 1,014.