Feb 09 - MOF Issues One-Year Treasury Bonds with Higher Rate than Expected

Source: Caijing, ChinaScope Financial (Data)

+       The Ministry of Finance (MOF) auctioned one-year fixed rate treasury bonds amounting to CNY 28 billion in the inter-bank bond market on February 8. It is known that the bond rate was 2.87%, higher than the expected average value.

+       Based on the yield curve of fixed rate treasury bond from China Government Securities Depository Trust and Clearing, the latest yield of one-year treasury bond is 2.8176%, 6 base points lower than the auctioned bond rate this time.

Summary of Interbank Bonds Yield as of February 8, 2012

Other News Headlines:

nNational Bureau of Statistics: CPI 4.5% YoY and PPI 0.7% YoY in January

n MOF Issues One-Year Treasury Bonds with Higher Rate Than Expected

n Zhejiang Enhances Supervision on Small-Loan Companies

n Commercial Housing Sales Decreased 20.5% in Space in Zhejiang

n Jianghuai Auto: Jan. Sales Reached 28,800 Units

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Dec 28 - Nov. Statistics on China’s Financial Market

Source: PBOC, ChinaScope Financial (Data)

+    Bond issuance: CNY 669.4 billion worth of bonds was issued on the inter-bank bond market in November, a 21.7% increase from the previous month. Year-to-date bond issuance in this market has decreased 26% year-on-year to CNY 6.7 trillion.

+    Inter-bank transactions: The weighted average inter-bank offered rate fell 25 basis points to 3.49% in November. The total amount of transactions was about CNY 30 trillion in the period from January to November, up 18% year-on-year.

+    Repurchase transactions: The trading volume of bond pledged repos in November was CNY 9 trillion, a 25% increase from last month. The total trading volume from January to November has increased 11.8% year-on-year to CNY 86.1 trillion.

+    Spot trading: The total spot trading turnover on interbank bond market has increased 35.9% from last month to CNY 5.4 trillion. The accumulated value was CNY 57.2 trillion for the first 11 months, decreasing 0.4% year-on-year.

+    Stock trading: Shanghai Composite Index fell 5.5% or 134.83 points to 2,333.42 in November. The average daily trading volume on the Shanghai Stock Exchange increased CNY 3.89 billion from last month to CNY 73.62 billion.

+    Related Data: Pledged Bonds Repo, Cash Bonds, Inter-bank Lending

Declining Growth of Financial Market since the Middle of This Year

For more data on other financial sectors, please visit www.chinascopefinancial.com

Other News Headlines

• Nov. Statistics on China’s Financial Market
• Banks’ Total Assets Reached CNY 107.9 Trillion
• Industrial Enterprises’ Profit Increased 24.4% in Jan. to Nov.
• China’s External Debt at USD 697.16 Billion at the End of Q3
• Crude Steel Output Drops 0.2% YoY in Nov.
• Jiaozuo Wanfang Will Issue 280 Million Shares via Private Placement

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