央行：截至10月末，公司信用类债券前50名投资者持债占比53.2%

Group 1 - The central viewpoint of the article highlights the financial market operations as reported by the central bank for October 2025, focusing on the interbank bond market and the distribution of corporate credit bonds among institutional investors [1] Group 2 - As of the end of October, there are 3,987 institutional members in the interbank bond market, all of which are financial institutions [1] - The top 50 investors in corporate credit bonds hold 53.2% of the total bond holdings, primarily concentrated among state-owned commercial banks (proprietary), public funds (asset management), and insurance financial institutions (asset management) [1] - The top 200 investors account for 84.3% of the total bond holdings, indicating a high concentration of ownership [1] - The maximum, minimum, average, and median number of holders for a single corporate credit bond are 118, 1, 12, and 12 respectively, with 88.7% of credit bonds having 20 or fewer holders [1] Group 3 - In terms of trading volume for October, the top 50 investors in corporate credit bonds account for 61.19% of the trading activity, mainly involving securities companies (proprietary), joint-stock commercial banks (proprietary), and fund companies (asset management) [1] - The top 200 investors represent 91.78% of the trading volume, further emphasizing the concentration in trading activities [1]