Xinhua Finance and Economics, Beijing, May 17 (Gao Ershan) The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan on the 17th, and the winning interest rate was 1.80%, the same as before; In view of the expiration of 2 billion yuan of 7-day reverse repurchase on the same day, the open market achieved zero investment and zero withdrawal. This week, a total of 10 billion yuan of reverse repurchase operations and 125 billion yuan of MLF operations were carried out, and the total of zero investment and zero withdrawal in the open market was achieved.
The Shanghai Interbank Offered Rate (Shibor) continued to fall overnight, and the 7D and 14D varieties rose slightly. Specifically, Shibor fell 0.50BP to 1.7190% overnight; The 7-day Shibor rose 0.70BP to 1.8080%; The 14-day Shibor rose 3.00BP to 1.8480%.
Shanghai Interbank Offered Rate (17 May)
Source: National Interbank Funding Center
In the interbank pledged repo market, various varieties continued to fluctuate in a narrow range, and the interest rates of DR007 and DR014 were inverted. Specifically, the weighted average interest rates of DR001 and R001 fell by 0.3BP and 0.9BP respectively to 1.7106% and 1.7519%, and the turnover increased by 28.4 billion yuan and decreased by 109.6 billion yuan respectively; The weighted average interest rates of DR007 and R007 rose by 0.7BP and fell by 1.3BP respectively to 1.8078% and 1.804%, and the turnover increased by 16.5 billion yuan and 22.5 billion yuan respectively; The weighted average interest rates of DR014 and R014 fell by 0.4BP and 2.2BP respectively to 1.804% and 1.8232%, and the turnover increased by 5.8 billion yuan and decreased by 6.5 billion yuan respectively.
Money Market Rates (17 May)
Source: National Interbank Funding Center
According to traders from Shanghai International Currency Brokerage Company, the capital side continued to show an easing trend on the 17th. In early trading, major banks and non-banks all had a large amount of lending, and the transaction price fell rapidly. The morning bet rate traded overnight to weighted, and the bet CD was priced around 1.78%. The 7D repo interest rate was traded to around 1.80%, 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 1.75%-1.77%, and the mortgage certificate of deposit was traded to around 1.77%-1.78%. 7D Transaction Price Deposit Certificates fell to 1.78%. 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 overnight trading rate trading at 1.70%-1.75%, and the overnight trading of the betting CD trading at around 1.77%-1.78%. There are fewer non-overnight transactions. At the end of the session, the capital side tightened slightly, and the overnight transaction price remained stable, with the transaction price of the mortgage rate to around 1.75%-1.76%, and the overnight transaction of certificates of deposit to around 1.78%-1.79%.
In terms of interbank certificates of deposit, Shanghai international money brokerage traders said that as of 5:30 p.m., 132 interbank certificates of deposit had been issued on May 17, and the actual issuance was 223.8 billion yuan.
In terms of primary certificates of deposit, the full maturity is due on working days, and the overall trading is active. As of the close, 1M fell by about 2BP to 1.78%, 3M was basically flat at 1.90%, 6M was basically flat at 1.98%, 9M was up by about 1BP to 2.08%, and 1Y was up by about 1.25BP to 2.10%.
【Today's Attention】
•Tao Ling, Deputy Governor of the People's Bank of China, said at the State Council's regular policy briefing on May 17 that the central bank will set up a 300 billion yuan affordable housing re-loan to encourage and guide financial institutions to support local state-owned enterprises to purchase unsold commercial housing at reasonable prices in accordance with the principles of marketization and rule of law, and use it as affordable housing for sale or rent.
•Dong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, said at the State Council's regular policy briefing on May 17 that the role of the real estate financing coordination mechanism should be further played to meet the reasonable financing needs of real estate projects.
•The State Council Information Office held a regular briefing on the policies of the State Council on the 17th to introduce the relevant policies for ensuring the delivery of housing. Xiao Yuanqi, deputy director of the State Administration of Financial Supervision and Administration, said at the meeting that the State Administration of Financial Supervision instructed commercial banks to actively connect with the city coordination mechanism, and required these banks to establish a four-level linkage rapid response mechanism of the head office, provincial branches, secondary branches and handling banks, forming a four-level linkage rapid response mechanism from the head office to the province, to the prefecture and city, and to the handling bank, and to shorten the time limit for business processing to the greatest extent by adopting the mode of "review integration".
•At noon on the 17th, heavy policies in the real estate field were intensively introduced. The People's Bank of China has issued three consecutive notices to adjust the interest rate of commercial personal housing loans, the interest rate of personal housing provident fund loans and the minimum down payment ratio of personal housing loans. According to the notice, the lower limit of the interest rate policy for commercial personal housing loans for the first and second houses at the national level will be abolished; The interest rate of personal housing provident fund loans will be lowered by 0.25 percentage points, the minimum down payment ratio of commercial personal housing loans for the first house will be adjusted to no less than 15%, and the minimum down payment ratio of commercial personal housing loans for the second house will be adjusted to no less than 25%.
•According to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in the Agricultural Bank of China and the Shanghai Municipal Commission for Discipline Inspection and Supervision, Liu Zhihong, a senior expert of the Credit Card Center of the Agricultural Bank of China, is suspected of serious violations of discipline and law, and is currently under the disciplinary review of the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in the Agricultural Bank of China and the supervision and investigation of the Shanghai Pudong New Area Supervision Commission.
Editor: Xing Lisha
Statement: Xinhua Finance is a national financial information platform undertaken by Xinhua News Agency. In any case, the information published on this platform does not constitute investment advice. If you have any questions, please contact customer service: 400-6123115