I. Overview of Bond Issuance

In October, total bond issuance registered RMB 3.2 trillion. Specifically, issuance of treasury bonds, local government bonds, financial bonds, corporate credit bonds, asset-backed securities, and inter-bank certificates of deposit reached RMB 349.5 billion, RMB 256 billion, RMB 498.4 billion, RMB 566.5 billion, RMB 91.5 billion and RMB 1.4 trillion respectively.

At end-October, outstanding bonds held in depository posted RMB 83.8 trillion, among which the depository balance of treasury bonds, local government bonds, financial bonds, corporate credit bonds, asset-backed securities and inter-bank certificates of deposit amounted to RMB 14.0 trillion, RMB 18.1 trillion, RMB 20.2 trillion, RMB 17.9 trillion, RMB 2.5 trillion and RMB 9.2 trillion respectively.

II. Overview of Money Market

In October, the total turnover of inter-bank money market registered RMB 68.9 trillion, up 34.18% year on year (y-o-y) and down 7.83% month on month (m-o-m), including RMB 56.2 trillion of pledged repo, up 29.06% y-o-y and down 6.83% m-o-m; RMB 0.8 trillion of outright repo, down 65.54% y-o-y and 22.99% m-o-m and RMB 11.9 trillion of inter-bank lending, up 116.70% y-o-y and down 11.15% m-o-m.

In October, the monthly weighted average interest rate of inter-bank lending was 2.42%, down 17 basis points from September. The monthly weighted average interest rate of pledged repo was 2.39%, down 21 basis points from September.

III. Overview of Bond Market

In October, the turnover of cash bond in the inter-bank bond market reached RMB 13.4 trillion, daily averaging RMB 746.3 billion, up 55.25% y-o-y and 6.47% m-o-m. The turnover of cash bond in the exchange bond market reached RMB 431.6 billion, daily averaging RMB 24 billion, down 4.72% y-o-y and 4.39% m-o-m. At end-October, the inter-bank bond aggregate index stood at 185.85 points, up 1.66 points from end-September.

IV. Overview of Stock Market

At end-October, the SSE Composite Index closed at 2602.78 points, declining 218.57 points from end-September, down 7.75%; the SZSE Component Index closed at 7482.83 points, declining 918.26 points from end-September, down 10.93%. In October, the daily average turnover of SSE was RMB 136.5 billion, up 19.56% m-o-m; the daily average turnover of SZSE was RMB 154.6 billion, up 4.46% m-o-m.

(Data Sources: China Securities Regulatory Commission, China Central Depository and Clearing Co. Ltd., National Inter-bank Funding Center, Shanghai Clearing House, Shanghai Stock Exchange, Shenzhen Stock Exchange)