Xinhua Finance and Economics, Beijing, April 23 (Liu Runrong) The People's Bank of China announced on April 23 that in order to maintain reasonable and sufficient liquidity in the banking system, it launched a 7-day reverse repurchase operation of 2 billion yuan in the form of interest rate bidding on the same day, and the winning interest rate was 1.80%;
The Shanghai Interbank Offered Rate (Shibor) continued to hold steady. Specifically, the overnight Shibor was up 0.80BP at 1.7880%, the 7-day Shibor was down 0.70BP at 1.8240%, and the 14-day Shibor was down 0.40BP at 1.9520%.
Shanghai Interbank Offered Rate (23 Apr)
Source: National Interbank Funding Center
In the interbank pledged repo market, the trend of short-term funding rates is differentiated and does not fluctuate much. Specifically, the weighted average interest rates of DR001 and R001 rose by 1.3BP and 1.1BP respectively to 1.7937% and 1.8746%, and the turnover decreased by 138.8 billion yuan and 62.5 billion yuan respectively, while the weighted average interest rates of DR007 and R007 fell by 0.3BP and 1.8BP respectively to 1.8324% and 1.9206%, and the turnover decreased by 57.4 billion yuan and 280.7 billion yuan respectively; DR014, The weighted average interest rate of R014 rose by 1.3BP and fell by 1.1BP to 1.957% and 2.0028% respectively, and the turnover increased by 29.9 billion yuan and 246.6 billion yuan respectively.
Money Market Rates (23 April)
Source: National Interbank Funding Center
According to traders from Shanghai International Currency Brokerage Company, the overall balance of funds on the 23rd. Specifically, some of the state-owned stocks of large banks were melted out in early trading, banks were tight, and non-banks were balanced. The overnight deposit rate is 1.90% to weighted +10BP, and the certificate of deposit credit is traded at 1.91% to weighted +10BP. 7D transactions are less, and the credit of deposit certificates is 1.95%. 14D cross-month mortgage rate 1.95%-2.00% transaction, deposit certificate 1.98%-2.00% transaction, credit 2.00% transaction. Subsequently, the overnight deposit certificate of 1.93%-1.95% was traded. In the afternoon, the capital side continued to be equilibrium trend, with the overnight interest rate weighted to 1.90% and the certificate of deposit credit traded at 1.90%-1.95%. Towards the end of the session, the lowest overnight interest rate was traded to 1.85%, and the lowest transaction of deposit certificates was 1.85%, and the overall balance 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., 157 interbank certificates of deposit were issued on April 23, with an actual issuance of 180.44 billion yuan.
In terms of primary certificates of deposit, except for 1M and 9M, all of them are due on working days, and the overall trading is more active after the price increase in the afternoon. As of the close, 1M rose by about 2BP to around 1.77%, 3M rose by about 1BP to 1.89%, 6M rose by about 2BP to 1.93%, 9M rose by about 1BP to 2.00%, and 1Y was basically flat at 2.02%.
【Today's Attention】
• The National Development and Reform Commission and the People's Bank of China jointly convened an inter-ministerial joint conference on the establishment of a social credit system. The meeting stressed the need to speed up the promotion of credit legislation. Promote the promulgation of the "Law on the Establishment of Social Credit" as soon as possible, increasing the level of legalization in the establishment of the social credit system. Strengthen overall planning for the establishment of the social credit system, carry out research and planning on the main connotation and overall framework of the social credit system with Chinese characteristics, and clarify the goals and tasks for the next phase of construction.
•Xie Zhangshu, deputy director of the Department of Regulation, Finance and Regulations of the National Health Insurance Administration, introduced at the press conference of the National Smart Medical Insurance Competition on the 23rd that at present, there are more than 1.12 billion medical insurance code users nationwide, more than 800,000 designated medical institutions have been connected, and the cumulative settlement has exceeded 6 billion.
•By the end of March 2024, the State Administration for Market Regulation has provided the People's Bank of China with a total of 114 million verifications of basic enterprise information, abnormal business directory information, and serious illegal and untrustworthy list information, facilitating banks to verify the authenticity of enterprise and legal person identities, understand the business status of enterprises, improve the efficiency of account opening review, expand the review dimension, promote the implementation of the enterprise account real-name system, provide enterprises with safer and more convenient account services, and enhance the sense of gain of enterprises. At the same time, the administrative licenses, administrative penalties and other information provided by the People's Bank of China to the State Administration for Market Regulation have enriched the analysis dimension of the State Administration for Market Regulation's credit status of enterprises.
Editor: Wang Chunxia
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