Chinanews.com, September 16th. The central bank's website today published the financial market operation in August 2021.
It pointed out that in August, the bond market issued a total of 571053 billion yuan of various bonds.
Among them, national debt issuance is 664.65 billion yuan, local government bond issuance is 879.73 billion yuan, financial bond issuance is 883.54 billion yuan, corporate credit bond issuance is 134.181 billion yuan, credit asset-backed securities issuance is 65.54 billion yuan, and interbank certificates of deposit issuance is 1827.76 billion yuan.
As of the end of August, the bond market custody balance was 126.7 trillion yuan.
Among them, the treasury bond custody balance is 21.0 trillion yuan, the local government bond custody balance is 28.3 trillion yuan, the financial bond custody balance is 30.3 trillion yuan, the corporate credit bond custody balance is 29.9 trillion yuan, and the credit asset-backed securities custody balance is 2.4 trillion yuan. , The balance of interbank deposit certificates custody is 12.7 trillion yuan.
Money market operation
In August, transactions in the inter-bank money market totaled 104.3 trillion yuan, a year-on-year increase of 9.7% and a month-on-month decrease of 1.9%.
Among them, the transaction of pledged repo was 93.8 trillion yuan, an increase of 13.1% year-on-year and a decrease of 1.4% from the previous quarter; the transaction of buy-out repo was 465.50 billion yuan, a year-on-year decrease of 34.1% and an increase of 24.9% from the previous month; the transaction of inter-bank lending was 10.1 trillion yuan, A year-on-year decrease of 12.5% and a month-on-month decrease of 7.0%.
Exchange standard bond repurchase transactions amounted to 32.5 trillion yuan, a year-on-year increase of 30.0% and a month-on-month increase of 4.9%.
In August, the monthly weighted average interest rate of inter-bank lending was 2.08%, a decrease of 0.4 basis point from the previous month; the monthly weighted average interest rate of inter-bank pledged repo was 2.08%, an increase of 1 basis point from the previous month.
Bond market operation
In August, spot bond transactions in the inter-bank bond market were 20.1 trillion yuan, with an average daily turnover of 91.71 billion yuan, a year-on-year decrease of 15.8% and a month-on-month decrease of 0.9%; the single transaction volume was mainly distributed between 5-50 million yuan, and the average single transaction volume 45.45 million yuan.
The exchange bond market’s spot bond turnover was 3.0 trillion yuan, with an average daily turnover of 135.29 billion yuan, a year-on-year increase of 48.3% and a month-on-month increase of 4.8%.
At the end of August, the ChinaBond Interbank Bond Index was 211.4 points, an increase of 0.6 points from the previous month.
Operation of the stock market
At the end of August, the Shanghai Composite Index closed at 3543.9 points, an increase of 146.6 points or 4.3% from the end of the previous month; the Shenzhen Component Index closed at 14328.4 points, a decrease of 144.3 points or 1.0% from the end of the previous month.
In August, the average daily trading volume on the Shanghai Stock Exchange was 579.09 billion yuan, an increase of 10.0% from the previous month; the average daily trading volume on the Shenzhen Stock Exchange was 754.33 billion yuan, an increase of 11.3% from the previous month.
Structure of holders in the inter-bank bond market
At the end of August, according to the statistics of legal person institutions (manager dimension), there were a total of 1,830 holders of debt financing instruments of non-financial enterprises.
From the perspective of debt holdings, the top 50 investors hold 59% of debt, mainly in fund companies, joint-stock commercial banks, large state-owned commercial banks and securities companies; the top 200 investors hold 87% of debt.
The maximum, minimum, average and median number of holders of a single non-financial corporate debt financing instrument are 75, 1, 10, and 9, respectively, and the number of non-financial corporate debt financing instruments with less than 20 holders It accounts for 93%.
In August, from the perspective of transaction scale, according to the statistics of legal person institutions (manager dimension), the top 50 investors of non-financial corporate debt financing instruments accounted for 70% of transactions, mainly in securities companies, joint-stock commercial banks, fund companies and urban businesses Bank; the top 200 investors accounted for 94% of transactions.