BRIEFING

Open market operation

In November, the central bank held five repo operations. The trading volume was 25 billion yuan, 10 billion yuan more than that of October. It issued nine central bank papers in the form of price-bidding, of which the real issuance was 121 billion yuan, 77 billion yuan less than that of October.

Bond issuing

In November, the Ministry of Finance offered two issues of book-entry treasury bond worth of 64.23 billion yuan. The China Development Bank (CDB) issued three financial bonds with a total value of 35 billion yuan. The Agricultural Development Bank of China (ADBC) issued 10 billion yuan worth of one financial bond. The Export and Import Bank of China issued one financial bond with a value of seven billion yuan.

Bond listing

Listed on the national interbank bond market in November were eight central bank papers, two treasury bonds, four CDB bonds, two ADBC bonds, and one bond issued by the China Construction Bank with a total value of 238.23 billion yuan.

Market members

By the end of November, there were 1,022 members of the national interbank funding market and bond market, among which 894 were connected to the interbank lending and bond trading system and 829 institutions signed agreement with CFETS for outright repo business. The national interbank FX market had a total of 354 members. The members of www.chinacp.com.cn amounted to 1,025.