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Open market operation
In December, the central bank held four repo operations with the
trading volume reaching 20 billion yuan, and issued 14 central
bank papers valued at 215 billion yuan. For the whole year, the
central bank carried out 43 repo operations with a trading volume
of 333 billion yuan; it offered 100 central bank papers valued
at 1.50715 trillion yuan.
Bond issuing
In December, the Ministry of Finance offered an issue of book-entry
treasury bond amounting to 25.66 billion yuan. The China Development
Bank (CDB) gave six issues of financial bonds with a value of
70 billion yuan. The Agricultural Development Bank of China (ADBC)
issued 12.8 billion yuan worth of one financial bond. The China
Construction Bank (CCB) launched 16.7 billion yuan worth of subordinated
bonds.
In 2004, the Ministry of Finance offered 14 book-entry T-bonds
with the value reaching 441.39 billion yuan, up 63.51 billion
yuan from 2003. The CDB issued 25 financial bonds worth of 360
billion yuan. The other two financial banks, The Export and Import
Bank of China (EIBC) and the ADBC gave three and four issues of
financial bonds valued at 34 billion yuan and 40.8 billion yuan
respectively. The Bank of China issued two subordinated bonds
with a value of 26.07 billion yuan. The CCB presented five issues
of subordinated bonds valued at 40 billion yuan.
Bond listing
In December, listed on the national interbank bond market were
14 central bank papers, two treasury bonds, two CDB bonds, one
EXIM bond, one ADBC bond, and one China Railway bond, with a total
value of 342.87 billion yuan.
Market members
By the end of December 2004, members in the national interbank
funding market and bond market totaled 1,037 with 119 new entrants
this year, among which 882, including 97 newcomers this year,
were connected to the interbank lending and bond trading system;
451 institutions signed agreement this year with the CFETS for
outright repo business; members in the national interbank FX market
was added by 9 this year to a total of 353 members. The members
of www.chinacp.com.cn amounted to 1027, including 136 new members
this year.The quatation and supervision usersof www.chinamoney.com.cn
amounted to 10736.
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