中国央行主管媒体:公开市场业务一级交易商考评办法的调整将理顺利率传导
Hua Er Jie Jian Wen·2025-09-12 15:56

Core Viewpoint - The adjustment and optimization of the evaluation method for primary dealers in the open market will enhance the transmission of interest rates from short to long term and improve the benchmark nature of the government bond yield curve [1] Group 1: Market Transmission - The evaluation will assess the volume, price, and coverage of funds lent by institutions, with a focus on performance during market volatility, guiding primary dealers to better serve as the "artery" of capital circulation [1] - The new approach is seen as a continuation and development of existing indicators [1] Group 2: Bond Market Making - The evaluation will consider the quoting and transaction performance of institutions, as well as their stability during periods of bond market volatility [1] - This aligns with previous monetary policy reports that proposed establishing a sound linkage mechanism between market makers and primary dealers in open market operations [1]