Xinhua Finance and Economics, Beijing, April 25 (Liu Runrong) The People's Bank of China launched a 7-day reverse repurchase operation of 2 billion yuan on April 25, and the winning interest rate was 1.80%, the same as before.
The short-end of the Shanghai Interbank Offered Rate (Shibor) rose slightly. Specifically, the overnight Shibor rose 6.20BP to 1.8460%, the 7-day Shibor rose 3.00BP to 1.8850%, and the 14-day Shibor rose 2.00BP to 1.9790%.
Shanghai Interbank Offered Rate (25 Apr)
Source: National Interbank Funding Center
In the interbank pledged repo market, the short-term funding rate has risen overall. Specifically, the weighted average interest rates of DR001 and R001 rose by 7.1BP and 4.3BP respectively to 1.8559% and 1.909%, and the turnover increased by 21.2 billion yuan and decreased by 326.2 billion yuan respectively; the weighted average interest rates of DR007 and R007 rose by 4.5BP and 2.2BP respectively to 1.9161% and 1.9683%, and the turnover increased by 24.8 billion yuan and 29.3 billion yuan respectively; DR014, The weighted average interest rate of R014 rose by 3.0BP and fell by 0.4BP to 1.9866% and 2.0021% respectively, and the turnover increased by 61.1 billion yuan and decreased by 51.8 billion yuan respectively.
Money Market Rates (25 April)
Source: National Interbank Funding Center
According to the traders of Shanghai International Currency Brokerage Company, the overall balance of funds on the 25th. Specifically, some of the national stocks of large banks were melted out in early trading, banks were balanced, and non-banks were loose. The overnight deposit rate is 1.90%-1.93%, and the credit of the deposit certificate is 1.93% to weighted +10BP. The 7-day and 14-day inter-month mortgage rates are 1.95%-2.00%, and the credit of deposit certificates is 1.98%-2.00%. Subsequently, overnight lending decreased, and the credit of deposit certificates was 1.92%-1.95%. In the afternoon, the capital side tightened slightly, the overnight interest rate weighted -1.95% transaction, and the demand for 1.95% credit of deposit certificates was more. After 3 o'clock, overnight lending increased, and the mortgage rate certificate of deposit was 1.88% to 1.90%. 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., 68 interbank certificates of deposit were issued on April 25, with an actual issuance volume of 78.19 billion yuan.
In terms of primary certificates of deposit, except for 3M and 9M, they all expire on working days, and 1Y banks are favored by the market after raising prices. As of the close, 1M rose by about 5BP to around 1.90%, 3M rose by about 5BP to around 1.95%, 6M rose by about 2.5BP to around 1.965%, 9M rose by about 1BP to 2.05%, and 1Y rose by about 1.5BP to around 2.065%.
【Today's Attention】
•The State Administration of Financial Supervision issued the Guiding Opinions on Promoting the High-quality Development of Green Insurance. The "Guiding Opinions" mainly include five parts and 24 measures, which put forward clear requirements from five aspects: overall requirements, strengthening green insurance protection in key areas, strengthening green investment support for insurance funds, strengthening support for green insurance operation and management capabilities, and job security. Among them, the goal is that by 2027, the green insurance policy support system will be relatively perfect, the service system will be initially established, the risk reduction service and management mechanism will be optimized, the product and service innovation ability will be enhanced, and a number of typical green insurance service models will be formed, and the growth rate of green insurance risk protection and green investment of insurance funds will be higher than the overall growth rate of the industry, and the role of promoting the green transformation of the economy and society will be enhanced.
According to the People's Bank of China, in March, the monthly weighted average interest rate of interbank pledged repurchase was 1.91%, a decrease of 2 basis points from the previous month, and the monthly weighted average interest rate of interbank lending was 1.88%, an increase of 3 basis points from the previous month.
•According to the Guangdong Branch of the People's Bank of China, as of the end of March 2024, a total of 114.99 billion yuan of loans have been issued in Guangdong using carbon emission reduction support tools, ranking first in the country, benefiting 446 enterprises and reducing carbon dioxide emissions by about 20.487 million tons.
Editor: Wang Chunxia
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