部分信托公司债券交易业务开展排查 正逆回购超限风险引关注

Core Viewpoint - Regulatory authorities are requiring trust companies to conduct internal assessments regarding their bond trading operations, specifically focusing on the limits of reverse and repurchase agreements [1][2]. Group 1: Regulatory Requirements - Trust companies are being asked to verify if they have established internal systems in accordance with the recent regulatory notice and whether they have set up monitoring indicators within their systems [1]. - Companies must check for any instances of exceeding limits on reverse repurchase agreements (90% and 100% of the previous day's net assets) and repurchase agreements (70% and 100% of the previous day's net assets) since the beginning of 2024 [1]. Group 2: Industry Context - The 2017 notice specified that non-publicly issued financial products, including trust plans and asset management products, must not exceed 100% of their previous day's net assets in terms of bond repurchase and reverse repurchase funding balances [2]. - Trust companies have increasingly managed significant amounts of bank wealth management funds, primarily engaging in cash management through government bond reverse repurchase agreements [2].