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Interbank money market tops US$1.2 trillion
(Xinhua)
Updated: 2004-10-14 13:20 China's interbank borrowing, lending and bonds
market reported transactions amounting to 10 trillion yuan (US$1.2 trillion) in
the first three quarters of this year, according to the latest statistics from
the National Interbank Borrowing and Lending Center.
The statistics show that the total borrowings added up to 1.15 trillion yuan
in the January-September period, bond pledge repurchase was 7.1 trillion yuan,
outright bond repurchase was 60.446 billion yuan, and the transaction of ready
bonds was 1.8 trillion yuan.
The total transaction during the 66 trading days in the third quarter reached
3.4 trillion yuan, averaging 51.783 billion yuan per day. The weighted average
interest rate was 2.32 percent for credit lending, 2.28 percent for pledge
repurchase and 2.38 percent for outright repurchase.
Some 133 financial institutions concluded 1,106 deals on the China Bill Net
in the first three quarters, with the value totaling 474.267 billion yuan. The
China Bill Net had 1,014 members by the end of September.
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