Xinhua Finance and Economics, Beijing, April 19 (Xing Lisha) The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan on the 19th, and the winning interest rate was 1.80%, the same as before.
The Shanghai Interbank Offered Rate (Shibor) short-term funding rate continued to rise slightly. Specifically, the overnight Shibor rose 2.10BP to 1.7970%, the 7-day Shibor rose 3.40BP to 1.8700%, and the 14-day Shibor rose 1.80BP to 1.9830%.
Shanghai Interbank Offered Rate (19 Apr)
Source: National Interbank Funding Center
In the interbank pledged repo market, the DR001 interest rate continued to rise, and the DR014 interest rate declined. Specifically, the weighted average interest rates of DR001 and R001 rose by 2.3BP and 0.3BP respectively to 1.7975% and 1.8675%, and the turnover decreased by 3.5 billion yuan and 364.9 billion yuan respectively; the weighted average interest rates of DR007 and R007 rose by 2.2BP and fell by 2.8BP to 1.8775% and 1.9013% respectively, and the turnover decreased by 49.9 billion yuan and increased by 97.5 billion yuan respectively; DR014, The weighted average interest rate of R014 fell by 2.6BP and 3.5BP respectively to 1.9699% and 1.9943%, and the turnover increased by 1 billion yuan and 5.9 billion yuan respectively.
Money Market Rates (19 Apr)
Source: National Interbank Funding Center
According to the traders of Shanghai International Currency Brokerage Company, the capital side showed a balanced and loose trend throughout the day on the 19th. 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 at the pricing of 1.88%-1.90%, the 7D mortgage interest rate was traded at 1.90%, and the deposit certificate credit was 1.90%-1.93%. In terms of cross-month, there were some transactions at 1.95%-2.00% in the 14D mortgage rate.
In terms of interbank certificates of deposit, Shanghai international money brokerage traders said that as of 5:30 p.m., 183 interbank certificates of deposit were issued on April 19, with an actual issuance of 364.95 billion.
In terms of primary certificates of deposit, the full maturity is due on working days, and the overall trading sentiment is good. As of the close, 1M fell by about 2bp to 1.88%, 3M fell by about 4bp to 1.90%, 6M fell by about 2bp to 1.95%, 9M fell by about 1.25bp to 2.02%, and 1Y fell by about 1.75bp to 2.0475%.
【Today's Attention】
•According to the website of the Ministry of Commerce, recently, the Ministry of Commerce, the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the People's Bank of China, the State Administration of Taxation, the State Administration of Financial Regulation, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the "Several Policies and Measures on Further Supporting Foreign Institutions to Invest in Domestic Science and Technology Enterprises". It mentions that it will actively support overseas institutions and the technology-based enterprises they invest in to expand financing channels and enrich the sources of funds for science and technology. For foreign institutions, the issuance of bonds, especially RMB bonds, in China can help them replenish their sources of funds and reduce exchange costs. The relevant authorities will continue to promote the high-level two-way opening of the bond market in a steady and orderly manner, support qualified foreign institutions to issue RMB bonds in China, and invest in the technology sector.
•The Agricultural Development Bank of China announced on the 19th that the Agricultural Development Bank of China recently issued the implementation opinions on doing a good job in the "five major articles" to create a new situation of high-quality development, clearly proposing to focus on the five major areas of science and technology finance, green finance, inclusive finance, pension finance and digital finance to serve the overall situation of high-quality development.
•The relevant person in charge of the Shenzhen Branch of the People's Bank of China said that in the first quarter of 2024, the Shenzhen Branch of the People's Bank of China implemented the requirements of a flexible, moderate, accurate and effective monetary policy, and guided the financial institutions under its jurisdiction to maintain stable support for the real economy and stabilize the growth of financial aggregates. As of the end of the first quarter of 2024, the balance of various loans in Shenzhen was 9.60 trillion yuan, a year-on-year increase of 7.4%. Among them, loans to enterprises (institutions) are the main body of the increase, accounting for 92% of the increase in loans. The balance of domestic and foreign currency loans of enterprises (institutions) in Shenzhen was 6.14 trillion yuan, a year-on-year increase of 9.4%, 2.0 percentage points higher than the growth rate of various loans. The balance of deposits in domestic and foreign currencies was 13.72 trillion yuan, up 6.0 percent year-on-year.
Editor: Gao Ershan
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