China Bond Daily News 09:50 BJT
Mar 13, 2020 (China Knowledge) - Today 206 new bonds to be listed for trading, 56 new bonds put up for tender.
China’s central bank announced that the total liquidity of the banking system is at a reasonable and abundant level, and no reverse repurchase operation will be conducted today. So far, the People’s Bank of China has not carried out the reverse repurchase operation for 19 consecutive working days.
On Mar 13, the National Development and Reform Commission (NDRC) announced that it will enrich and standardize residents' investment in financial products, and moderately expand the issuance quota of Treasury bonds and local government bonds for individual investors.
Yesterday, Guangzhou Yuexiu Financial Holding Group (000987) plans to issue the first installment of short-term commercial paper (SCP) in 2020. The amount of the current issue of bonds is RMB 800 mln, the issuance period of 180 days. It is reported that this SCP all intended to repay the issuer of maturing bonds.
As of Mar 12, a total of 38 convertible bonds were issued in 2020, with a total issuance scale of RMB 29.9 bln, while 23 convertible bonds were issued in the same period in 2019.
By the end of Feb 2020, commercial banks held RMB 9.87 trln of Treasury bonds, accounting for 64.9% of the total amount of Treasury bonds under custody. It holds a total of RMB 19 trln of Treasury bonds and government bonds, accounting for 61.4% of their total custody amount.
By the end of Feb 2020, insurance institutions hold RMB 0.36 trln of Treasury bonds, accounting for 2.37% of the total amount of Treasury bonds in custody, and RMB 0.95 trln of Treasury bonds and policy-based financial bonds, accounting for 3.09% of the total amount of Treasury bonds in custody.
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