Market Liquidity - The central bank's net liquidity withdrawal last week was CNY 203.7 billion, while this week it increased to CNY 780.38 billion[1] - The 7-day reverse repos amounted to CNY 781.05 billion last week, with CNY 984.75 billion maturing, maintaining an interest rate of 1.70%[1] Interest Rates - The average R001 rate decreased to 1.75%, down by 5.00 basis points from the previous week, while the DR001 rate fell to 1.65%, down by 8.00 basis points[2] - The weighted average DR007 rate was 1.79%, down by 3.00 basis points, and the R007 rate was 1.89%, down by 2.00 basis points[2] - The closing interest rate spread between R007 and DR007 increased to 10 basis points, up by 3 basis points from the previous week[2] Interbank Certificates of Deposit - The total issuance of interbank certificates of deposit was CNY 314.14 billion, with an average coupon rate decreasing by 4.35 basis points to 1.89%[3] - The maturity amount of interbank certificates decreased to CNY 217.51 billion from CNY 804.82 billion the previous week[3] Market Risks - Potential risks include unexpected policy changes and financial regulatory actions[3]
流动性跟踪周报（20240727-20240802）
Mai Gao Zheng Quan·2024-08-06 02:03