Xinhua Finance and Economics, Beijing, May 11 (Gao Ershan) The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan on the 11th, and the winning interest rate was 1.80%, the same as before. Due to the expiration of no reverse repurchase on the same day, the open market achieved a net investment of 2 billion yuan. This week, the People's Bank of China carried out a total of 12 billion yuan of reverse repurchase operations, because 450 billion yuan of reverse repurchase expired this week, and the open market achieved a net withdrawal of 438 billion yuan.
The Shanghai Interbank Offered Rate (Shibor) continued to fluctuate in a narrow range, and the 7D varieties continued to rise. Specifically, Shibor fell 0.90BP overnight to 1.7240%; The 7-day Shibor rose 1.40BP to 1.8500%; The 14-day Shibor fell 0.50BP to 1.8890%.
Shanghai Interbank Offered Rate (11 May)
Source: National Interbank Funding Center
In the interbank pledged repo market, various varieties maintained a narrow range, and the interest rates of DR014 and R014 were the same. Specifically, the weighted average interest rates of DR001 and R001 fell by 0.4BP and 0.2BP respectively to 1.7268% and 1.7364%, and the turnover increased by 29.4 billion yuan and 22.1 billion yuan respectively; The weighted average interest rates of DR007 and R007 rose by 2.9BP and fell by 0.8BP respectively to 1.852% and 1.8595%, and the turnover decreased by 44.4 billion yuan and 3,108.5 billion yuan respectively; The weighted average interest rates of DR014 and R014 rose by 2.2BP and fell by 4.2BP respectively to 1.8906% and 1.8906%, and the turnover decreased by 3.9 billion yuan and 42.4 billion yuan respectively.
Money Market Rates (11 May)
Source: National Interbank Funding Center
According to traders from Shanghai International Currency Brokerage Company, the balance of funds on the 11th was loose throughout the day. The morning interest rate was 1.70%-DR+10BP overnight, the certificate of deposit was 1.80%-1.85% overnight, and the 7D mortgage rate was 1.85%.
In terms of interbank certificates of deposit, Shanghai international money brokerage traders said that as of 5:30 p.m., 90 interbank certificates of deposit were issued on May 11, and the actual issuance volume was 100.25 billion yuan.
In terms of primary certificates of deposit, the whole maturity is due on working days, and the trading is light throughout the day. In terms of secondary certificate of deposit transactions, the trading yield of each maturity was slightly higher than yesterday's close, and the long end rose slightly, with 1M of Chinese stocks not trading, 3M basically flat at 1.93%, 6M not trading, 9M up about 1.5BP to 2.10%, and 1Y up about 1.5BP to 2.115%.
【Today's Attention】
According to data from the People's Bank of China, preliminary statistics show that the cumulative increase in the scale of social financing in the first four months of 2024 will be 12.73 trillion yuan, 3.04 trillion yuan less than the same period of the previous year. In the first four months, RMB loans increased by 10.19 trillion yuan. At the end of April, M2 grew 7.2% year-on-year. At the end of April 2024, the stock of social financing was 389.93 trillion yuan, a year-on-year increase of 8.3%.
•According to an article published by the Financial Times, after the release of financial data in April, market experts generally said that the total amount of loans in the month was "not small", the credit structure continued to be optimized, the interest rate level remained low, and the RMB exchange rate remained basically stable at a reasonable and balanced level, creating a good monetary and financial environment for high-quality economic development.
•According to the China Securities Regulatory Commission, on May 10, the People's Bank of China, the Ministry of Ecology and Environment, the State Administration of Financial Supervision and the China Securities Regulatory Commission jointly held a symposium on the construction of a beautiful China in green financial services. The meeting emphasized that financial institutions should fully consider the adaptability to the green transformation of the economy and society in their overall strategies, integrate climate risks into the overall risk management system, and better adapt to and support the needs of economic and social transformation and development. Improve the organizational construction around green finance, strengthen assessment and incentives, and improve the professional level of financial services.
•The Nanjing Municipal Public Security Bureau issued the Notice on Matters Concerning the Settlement of Legal and Stable Domiciles. The notice proposes that non-Nanjing household registration persons who have a legal and stable residence in the city and actually reside in the city can directly apply for settlement. Persons who have a legal and stable residence (i.e., a house with legal property rights) in the urban areas of the city may apply for their own household registration to move into the housing, and their spouses, unmarried children, and parents (who have exceeded the statutory retirement age or have gone through retirement procedures) may apply for household registration to move with them.
Editor: Liu Runrong
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