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6月债券市场 共发行各类债券87939.5亿元
Jin Rong Shi Bao·2025-08-08 07:56

Group 1: Bond Market - In June, the bond market issued a total of 87,939.5 billion yuan in various bonds, including 15,903.9 billion yuan in government bonds, 11,753.2 billion yuan in local government bonds, 10,738.7 billion yuan in financial bonds, 14,257.3 billion yuan in corporate credit bonds, 247.2 billion yuan in asset-backed securities, and 34,569.3 billion yuan in interbank certificates of deposit [1] - The interbank bond market saw a total transaction volume of 34.3 trillion yuan in June, with an average daily transaction of 1.7 trillion yuan, reflecting a year-on-year decrease of 1.2% but a month-on-month increase of 6.2% [1] - As of the end of June, the custody balance of foreign institutions in the Chinese bond market reached 4.3 trillion yuan, accounting for 2.3% of the total custody balance, with 4.2 trillion yuan held in the interbank bond market [1] Group 2: Money Market - In June, the interbank lending market recorded a transaction volume of 8.4 trillion yuan, representing a year-on-year increase of 11.2% and a month-on-month increase of 26.0% [2] - The bond repurchase transactions totaled 156.3 trillion yuan in June, showing a year-on-year growth of 32.7% and a month-on-month growth of 20.4% [2] - The weighted average interest rate for interbank lending was 1.46%, down 9 basis points month-on-month, while the weighted average interest rate for pledged repos was 1.50%, down 6 basis points month-on-month [2] Group 3: Commercial Paper Market - In June, the acceptance amount of commercial bills reached 3.5 trillion yuan, with a discount amount of 2.8 trillion yuan; by the end of June, the acceptance balance was 19.3 trillion yuan and the discount balance was 14.8 trillion yuan [2] - Small and micro enterprises accounted for 93.2% of the total bill issuers, with an issuance amount of 2.4 trillion yuan, representing 69.8% of the total issuance [2] - The number of small and micro enterprises involved in discounting was 12.1 million, making up 96.3% of all discounting enterprises, with a discount amount of 2.0 trillion yuan, which is 71.9% of the total discounting amount [2] Group 4: Stock Market - As of the end of June, the Shanghai Composite Index closed at 3,444.4 points, up 96.9 points or 2.9% month-on-month, while the Shenzhen Component Index closed at 10,465.1 points, up 424.5 points or 4.2% month-on-month [2] - The average daily trading volume in the Shanghai market was 510.4 billion yuan, reflecting a month-on-month increase of 8.6%, while the Shenzhen market's average daily trading volume was 796.9 billion yuan, up 11.5% month-on-month [2] Group 5: Interbank Bond Market Participants - As of the end of June, there were 3,989 institutional members in the interbank bond market, all of which were financial institutions [3] - The top 50 investors in corporate credit bonds held 48.0% of the total bonds, primarily concentrated among public funds, large state-owned commercial banks, and insurance financial institutions [3] - The number of holders for a single corporate credit bond varied, with a maximum of 124 holders, a minimum of 1, an average of 12, and a median of 12; 88.4% of credit bonds had 20 or fewer holders [3]