China News Service, Shanghai, February 3rd (Reporter Jiang Yu) The reporter learned from the press briefing on Shanghai's financial operations held on the 3rd that by the end of 2022, 1,071 foreign institutions from about 70 countries and regions have entered China. In the inter-bank bond market, the scale of bonds held in China's bond market is 3.46 trillion yuan (RMB, the same below).

　　At the press briefing that day, Lv Jinzhong, Director of the Survey and Statistics Research Department of the Shanghai Headquarters of the People's Bank of China, Rong Yihua, Deputy Director of the Financial Market Management Department, and Ge Qing, Deputy Director of the Foreign Exchange Management Department, respectively introduced the opening of China's bond market and foreign exchange collection in 2022. situation, etc.

　　According to reports, the types of foreign institutions currently entering China's inter-bank bond market include sovereign institutions, banks, securities companies, insurance companies and other overseas licensed financial institutions, as well as medium and long-term investors such as pension funds.

In 2022, foreign institutions will hold 3.39 trillion yuan of bonds in the inter-bank market out of the 3.46 trillion yuan in China's bond market, with an average annual growth rate of nearly 25% in the past five years.

In 2022, the cumulative transaction volume of foreign institutions in the inter-bank bond market will be about 13 trillion yuan, an increase of 15% over the previous year, and the average annual growth rate in the past five years will be about 43%.

　　With the acceleration of the opening up of China's credit rating industry, the domestic subsidiaries of two foreign-funded rating agencies have completed filing and entered the Chinese market.

At the same time, foreign-funded banks have actively participated in the underwriting business of debt financing instruments for non-financial enterprises. Two banks have obtained Class A lead underwriting qualifications, 2 banks have obtained Class B lead underwriting qualifications, and 5 banks have obtained underwriting qualifications.

　　Meanwhile, China and the international financial market system and rules are also being further integrated, and foreign institutions can independently choose to sign NAFMII or ISDA derivatives master agreements.

By the end of 2022, 6 overseas commercial banks, 1 overseas securities company and 1 overseas asset manager have completed the signing and system filing of the ISDA master agreement, and 1 overseas securities company and 3 overseas asset managers have completed the NAFMII master agreement Signature and system filing.

　　Statistics show that the resilience of China's foreign exchange market will further increase in 2022.

In that year, the total foreign-related receipts and payments of banks in Shanghai were US$3,506.5 billion, a year-on-year increase of 5.7%, accounting for 28.2% of the country's total; the total annual trade in goods receipts and payments were US$882.6 billion, a year-on-year increase of 1.3%.

In addition, as of the end of December 2022, 13 high-level open pilot projects for cross-border trade and investment in the Lingang New Area of ​​the Shanghai Free Trade Zone have been implemented, with a total of 162 pilot companies, 12,397 transactions, and an amount of approximately US$27.121 billion.

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