ONE MONTH-OLD WWW.CHINACP.COM.CN

 

 

Since its official opening one month ago,www.chinacp.com.cn has fared stably with smooth biddings and increasing members, and become a warm welcome to the market.

In July, financial institutions made 741 quotes of 406.073 billion yuan, including 258.167 billion yuan worth of 457 repurchase quotes, and 147.906 billion yuan worth of 284 rediscount quotes among financial institutions. Quotes were mainly made by city commercial banks, authorized branches of commercial banks and rural credit cooperatives. By July 31, www.chiancp.com.cn had a total of 485 members.

 

At present, the China Foreign Exchange Trade System, is redoubling its no effort in exploring new functions of transaction, registration and enquiry to meet the target of paperless issuing and trading of commercial papers. It is expected that, based on the www.chinacp.com.cn, a comprehensive and national paper market service system is to be established to comprise businesses and functions like quoting,trading, registration and enquiry of discount and rediscount, and cover multi-level markets such as financial interbank market, market between banks and enterprises, and inter-enterprise market.