Central Bank: A total of 4,706.12 billion yuan of various bonds were issued in the bond market in February

　　Securities Daily reporter Liu Qi

　　On March 29, the People's Bank of China released the financial market operations in February 2024. Judging from the issuance situation in the bond market, in February, a total of 4.70612 billion yuan of various bonds were issued in the bond market. The issuance of treasury bonds was 750.00 billion yuan, the issuance of local government bonds was 559.96 billion yuan, the issuance of financial bonds was 544.54 billion yuan, the issuance of corporate credit bonds was 683.46 billion yuan, and the issuance of interbank certificates of deposit was 2,147.66 billion yuan.

　　As of the end of February, the bond market custody balance was 160.0 trillion yuan. Among them, the inter-bank market custody balance is 139.1 trillion yuan, and the exchange market custody balance is 20.9 trillion yuan. In terms of bond types, the custody balance of treasury bonds is 29.7 trillion yuan, the custody balance of local government bonds is 41.1 trillion yuan, the custody balance of financial bonds is 37.9 trillion yuan, the custody balance of corporate credit bonds is 32.4 trillion yuan, and the custody balance of credit asset-backed securities is 32.4 trillion yuan. 1.7 trillion yuan, and the custody balance of inter-bank certificates of deposit is 16.0 trillion yuan. The over-the-counter bond custody balance of commercial banks was 63.51 billion yuan.

　　Judging from the operation of the bond market, in February, the inter-bank bond market's spot transaction volume was 24.3 trillion yuan, with an average daily transaction volume of 1,519.62 billion yuan, a year-on-year increase of 40.2%, and a month-on-month decrease of 0.1%. Transactions with a single transaction volume of 5 million yuan to 50 million yuan accounted for 48.4% of the total transaction value, and transactions with a single transaction volume of more than 90 million yuan accounted for 45.3% of the total transaction value. The average single transaction volume was 46.465 million yuan. The spot trading volume of the exchange bond market was 2.5 trillion yuan, with an average daily turnover of 169.12 billion yuan. There were 59,000 bond transactions in the over-the-counter market of commercial banks, with a transaction value of 16.47 billion yuan.

　　Judging from the opening up of the bond market, as of the end of February 2024, the custody balance of overseas institutions in the Chinese bond market was 4.00 trillion yuan, accounting for 2.5% of the custody balance of the Chinese bond market. Among them, the custody balance of overseas institutions in the inter-bank bond market is 3.95 trillion yuan; broken down by bond types, overseas institutions hold 2.33 trillion yuan of government bonds, accounting for 59.0%, and policy financial bonds of 0.83 trillion yuan, accounting for 21.0% .

　　Judging from the operation of the money market, in February, the inter-bank money market transactions totaled 112.2 trillion yuan, a year-on-year decrease of 7.0% and a month-on-month decrease of 37.0%. Among them, pledged repurchase transactions were 105.4 trillion yuan, a year-on-year decrease of 4.6% and a month-on-month decrease of 36.7%; outright repurchase transactions were 410.42 billion yuan, a year-on-year increase of 1.7% and a month-on-month decrease of 34.0%; interbank lending transactions were 6.3 trillion yuan, A year-on-year decrease of 33.9% and a month-on-month decrease of 41.5%. The exchange's standard bond repurchase transaction volume was 30.9 trillion yuan, a year-on-year decrease of 19.3% and a month-on-month decrease of 31.8%.

　　In February, the monthly weighted average inter-bank pledged repurchase interest rate was 1.89%, a month-on-month decrease of 1 basis point; the monthly weighted average inter-bank lending rate was 1.85%, a month-on-month increase of 2 basis points.

　　Judging from the operation of the bill market, in February, the acceptance amount of commercial bills was 2.2 trillion yuan, and the amount of discounting was 1.7 trillion yuan. As of the end of February, the commercial bill acceptance balance was 17.5 trillion yuan and the discount balance was 12.0 trillion yuan.

　　In February, 88,000 small, medium and micro enterprises issued bills, accounting for 92.8% of all companies issuing bills. The amount of bills issued by small, medium and micro enterprises was 1.5 trillion yuan, accounting for 67.4% of the total amount of bills issued. There were 88,000 small, medium and micro enterprises engaged in discounting, accounting for 96.7% of all discounting enterprises, and the discounting amount was 1.3 trillion yuan, accounting for 75.5% of the total discounting amount.

　　Judging from the operation of the stock market, at the end of February, the Shanghai Composite Index closed at 3015.2 points, a month-on-month increase of 226.6 points, or 8.1%; the Shenzhen Stock Exchange Component Index closed at 9330.4 points, a month-on-month increase of 1117.6 points, or an increase of 13.6%. In February, the average daily trading volume of the Shanghai Stock Exchange was 431.75 billion yuan, an increase of 30.8% from the previous month; the average daily trading volume of the Shenzhen Stock Exchange was 517.51 ​​billion yuan, an increase of 30.0% from the previous month.