I. Overview of Bond Issuance

In September, total bond issuance registered RMB 4.3 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 324.7 billion, RMB 748.5 billion, RMB 450.1 billion, RMB 553.9 billion, RMB 225.0 billion and RMB 2 trillion respectively.

At end-September, outstanding bonds held in depository posted RMB 83 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 13.8 trillion, RMB 18 trillion, RMB 20 trillion, RMB 17.8 trillion, RMB 2.5 trillion and RMB 9 trillion respectively.

II. Overview of Money Market

In September, the total turnover of inter-bank money market registered RMB 74.7 trillion, up 10.82% year on year (y-o-y) and down 19% month on month (m-o-m), including RMB 60.3 trillion of pledged repo, up 5.18% y-o-y and down 20.39% m-o-m; RMB 1 trillion of outright repo, down 66.88% y-o-y and 15.07% m-o-m and RMB 13.4 trillion of inter-bank lending, up 91.93% y-o-y and down 12.39% m-o-m.

In September, the monthly weighted average interest rate of inter-bank lending was 2.59%, up 30 basis points from August. The monthly weighted average interest rate of pledged repo reached 2.60%, up 35 basis points from August.

III. Overview of Bond Market

In September, the turnover of cash bond in the inter-bank bond market reached RMB 14.7 trillion, daily averaging RMB 700.9 billion, up 51.15% y-o-y and down 2.77% m-o-m. The turnover of cash bond in the exchange bond market reached RMB 476.5 billion, daily averaging RMB 25.1 billion, up 19.5% y-o-y and 11.13% m-o-m. At end-September, the inter-bank bond aggregate index stood at 184.20 points, up 0.59 points from end-August.

IV. Overview of Stock Market

At end-September, the SSE Composite Index closed at 2821.35 points, adding 96.1 points from end-August, up 3.53%; the SZSE Component Index closed at 8401.09 points, declining 64.38 points from end-August, down 0.76%. In September, the daily average turnover of SSE was RMB 114.2 billion, down 9.1% m-o-m; the daily average turnover of SZSE was RMB 148.0 billion, down 7.9% 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)