Xinhua Finance Beijing, May 14 (Gao Ershan) The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan on the 14th, and the winning interest rate was 1.80%, the same as before; In view of the expiration of 2 billion yuan of reverse repurchase on the same day, the open market achieved zero investment and zero withdrawal.
The Shanghai Interbank Offered Rate (Shibor) edged lower overnight and 14D varieties, while 7D varieties rose slightly. Specifically, Shibor fell 1.20BP to 1.7690% overnight; The 7-day Shibor rose 0.10BP to 1.8370%; The 14-day Shibor fell 2.60BP to 1.8710%.
Shanghai Interbank Offered Rate (14 May)
Source: National Interbank Funding Center
In the interbank pledged repo market, all varieties fell slightly, and the turnover changed little. Specifically, the weighted average interest rates of DR001 and R001 fell by 1.8BP and 2.0BP respectively to 1.761% and 1.803%, and the turnover decreased by 119.7 billion yuan and increased by 12.4 billion yuan respectively; The weighted average interest rates of DR007 and R007 fell by 0.8BP and 3.2BP respectively to 1.8402% and 1.842%, and the turnover increased by 5.4 billion yuan and 23.7 billion yuan respectively; The weighted average interest rates of DR014 and R014 fell by 3.3BP and 2.1BP respectively to 1.8513% and 1.8876%, and the turnover decreased by 5.6 billion yuan and 22.9 billion yuan respectively.
Money Market Rates (14 May)
Source: National Interbank Funding Center
According to the traders of Shanghai International Currency Brokerage Company, the capital side was loose throughout the day on the 14th. In early trading, major banks and non-banks all had a large amount of lending, and the transaction price fell rapidly. The interest rate traded overnight to a weighted +5 in early trading, and the CD price was around 1.85. The 7D repo interest rate was traded to around 1.86%, and the transaction price of the credit CD was almost the same as the interest rate price, and the transaction price showed a gradual downward trend. There are few transactions for repurchase varieties above the cross-month period, and the quotation is low. After the open market operation, the capital side remained loose, and the overnight repo rate was traded to around 1.80%, and the mortgage certificate of deposit was traded to around 1.82%-1.83%. 7D transaction price mortgage rate certificate of deposit fell to 1.80%-1.81%. In the afternoon, the opening of the capital was still loose, and various institutions reduced their points to melt out, and the transaction price continued to fall, with the interest rate trading at 1.76% overnight and the CD trading at around 1.78 overnight. There are fewer non-overnight transactions. At the end of the day, the overnight interest rate was traded at 1.65%, and the certificate of deposit was traded overnight at around 1.70%-1.75%.
In terms of interbank certificates of deposit, Shanghai international money brokerage traders said that as of 5:30 p.m., 178 interbank certificates of deposit were issued on May 14, and the actual issuance was 326.31 billion yuan.
In terms of primary certificates of deposit, except for 3M and 1Y, all of them expire on rest days, and the overall trading is light. As of the close, 1M fell by about 1BP to 1.82%, 3M fell by about 2BP to 1.91%, 6M fell by about 2BP to 1.96%, 9M fell by about 0.5BP to 2.065%, and 1Y fell by about 0.25BP to 2.0825%.
【Today's Attention】
•According to the People's Bank of China, the Bank for International Settlements (BIS) held a regular meeting of its presidents in Basel, Switzerland, from May 12 to 13, and People's Bank of China Governor Pan Gongsheng attended the meeting. The central bank governors discussed and exchanged views on the global economic and financial situation, the adjustment of the monetary policy framework of advanced economies, and the resilience of emerging market economies.
•According to data from the Shanghai headquarters of the People's Bank of China, at the end of March, the balance of domestic and foreign currency loans in Shanghai was 11.66 trillion yuan, a year-on-year increase of 7.8%, and the growth rate was 0.8 percentage points higher than that at the end of the previous month. In the first quarter, RMB loans increased by 469.9 billion yuan, an increase of 72.4 billion yuan year-on-year. In the first quarter, foreign currency loans increased by US$1.8 billion, an increase of US$0.5 billion year-on-year. Foreign currency loans increased by US$3.5 billion in March, an increase of US$0.9 billion year-on-year.
•Bank of Communications announced that due to work adjustments, Mr. Liu Jun has submitted a written report to the Board of Directors of the Company, resigning from the positions of Vice Chairman, Executive Director, President, Member of the Strategy Committee (Inclusive Finance Development Committee) of the Board of Directors, and Chairman of the Social Responsibility (ESG) and Consumer Rights Protection Committee of the Board of Directors, effective from May 14, 2024. Mr. Liu Jun has confirmed that he has no disagreement with the Board of Directors of the Company and does not have any matters related to his resignation that require notification to the shareholders and creditors of the Company.
Editor: Xing Lisha
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