July’s market flushes with funds

In its report on July’s financial situation, the central bank says it sees fairly good financial performance, with the increases of inter bank bonds, including the rise of mid-term bond issuance, together with business accumulated at money market, yet to which interest rate deducted sharply. Moreover, interbank bond index has risen in a small degree, the same case with government bond index at securities market. In brief, it sees in July a rapid growth of stock index with great volume of transactions, as 2.30629 trillion yuan of interbank bonds released for over 7 months or up 4.8 percent year on year, including 404.19 billion yuan for the month of July. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

In loan market, a total amount of 13.7 trillion yuan has been realized for over seven months, or up 36.8 percent compared to the same period. In July it fulfilled 2.52745 trillion yuan at interbank loan market, added 40.7 percent to that of last month. In buyback transactions, it has fulfilled 44.8 trillion yuan of bond collateral repo trading totally for over 7 months, including 8.1 trillion yuan in July, up 12.2 percent against that of last month.