MARKET BRIEFING IN APRIL 2002
Open market operation
In April, the People's Bank of China (PBC) held four open market operations in the form of a volume-bid, which included reverse repo and bond trading transactions.
In April, the Ministry of Finance, China Development Bank and China Export & Import Bank had six bond issuances, amounting to 91.5 billion yuan through the issuance system of the PBC. The Ministry of Finance publicly issued its 3rd issue of book-entry treasury bonds amounting to 20 billion yuan in the Shanghai Stock Exchange.
Market members
Driven by the access-recording system implemented in the interbank bond market, the number of new members in the national interbank funding market and bond market rose remarkably. By the end of April, the market had a total of 594 members, 28 more than at the end of last month.
On April 1, Euro/RMB spot trading was launched in the national interbank forex market. By the end of April, the national interbank forex market had had a total of 312 members.