Xinhua Finance and Economics, Beijing, April 16 (Gao Ershan) The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan on the 16th, and the winning interest rate was 1.80%, the same as before.
The Shanghai Interbank Offered Rate (Shibor) remained in a tight range. Specifically, the overnight Shibor fell 0.10BP to 1.7150%, the 7-day Shibor rose 0.80BP to 1.8050%, and the 14-day Shibor fell 3.20BP to 1.8580%.
Shanghai Interbank Offered Rate (16 Apr)
Source: National Interbank Funding Center
In the interbank pledged repo market, most of the short-term funding rates rose slightly, but the increase was within 3BP. Specifically, the weighted average interest rates of DR001 and R001 rose by 0.7BP and 0.4BP respectively to 1.7157% and 1.7965%, and the turnover increased by 15.6 billion yuan and 33.3 billion yuan respectively, the weighted average interest rates of DR007 and R007 rose by 0.9BP and 2.4BP respectively to 1.8155% and 1.9257%, and the turnover decreased by 26 billion yuan and 3.2 billion yuan respectively, and the weighted average interest rates of DR014 and R014 decreased by 2.0BP and 2.0BP respectively. up 2.7BP to 1.857% and 1.9868%, and the turnover decreased by 600 million yuan and 16.2 billion yuan respectively.
Money Market Rates (16 Apr)
Source: National Interbank Funding Center
According to traders from Shanghai International Currency Brokerage Company, the capital side continued to loose throughout the day on the 16th. The big banks opened in the morning, the state-owned banks and joint-stock banks financed overnight for seven days, the overnight transaction of the mortgage rate was around the weighted to weighted +15BP, the overnight deposit certificate credit transaction was priced at 1.88%-1.90%, and the local transaction of the 7D mortgage rate was 1.85%-1.90%. The supply of funds in each period is sufficient, and the demand for funds is quickly met. After the open market operation, the capital side continued to be loose. In the afternoon, the transaction price of funds continued to be loose, with the overnight deposit certificate trading at around 1.85%, and the mortgage interest rate trading at 1.70% to 1.75%, and the capital remained loose until the close.
In terms of interbank certificates of deposit, Shanghai International Money Brokerage traders said that as of 5:30 p.m., 100 interbank certificates of deposit were issued on April 16, with an actual issuance of 81.06 billion yuan.
In terms of primary certificates of deposit, except for 1M and 9M, all of them expire on working days, and the overall trading is light. As of the close, 1M went down about 1BP to 1.90%, 3M went up about 3BP to 1.98%, 6M went up about 0.5BP to 2.00%, 9M went up about 2.5BP to 2.085%, and 1Y went up about 1.5BP to 2.105%.
【Today's Attention】
•According to the official website of the State Administration of Financial Supervision and Administration, the State Administration of Financial Supervision and Administration, the Ministry of Industry and Information Technology, and the National Development and Reform Commission issued the Notice on Deepening Manufacturing Financial Services and Helping to Promote New Industrialization on April 16, which mentioned that it will help cultivate and expand strategic emerging industries, focus on key industries such as information technology, artificial intelligence, Internet of Things, Internet of Vehicles, biotechnology, new materials, high-end equipment, aerospace, etc., strengthen financial support and risk protection, and expand the scale of credit loans for strategic emerging industries. Optimize the financial supply of foreign trade in the manufacturing industry, strengthen the protection of export credit insurance, and support enterprises such as automobiles, home appliances, machinery, aviation, shipbuilding and marine engineering equipment to "go global".
•According to the release of the People's Bank of China's Shanghai Headquarters on April 16, Shanghai's monetary and credit operations in the first quarter increased by RMB loans by 469.9 billion yuan, foreign currency loans increased by 1.8 billion US dollars, RMB deposits increased by 395.4 billion yuan, foreign currency deposits increased by 6.4 billion US dollars, RMB personal time deposits increased by 151.8 billion yuan, and structural deposits of domestic non-financial enterprises increased by 56.5 billion yuan.
•Xinhua Insurance announced that the company's cumulative original insurance premium income from January 1, 2024 to March 31, 2024 was 57.193 billion yuan, and the company's operation was stable, with a significant month-on-month increase in premium income in March, an increase in the business scale and value of individual insurance channels, and a good optimization and improvement of the premium income structure. In the first quarter, the company's business strategy focused on value growth and optimization of business structure, and the year-on-year decline in cumulative primary insurance premium income narrowed.
Editor: Xing Lisha
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