78家机构入场，集中债券借贷业务上线

Core Viewpoint - The Central Securities Depository and the Interbank Lending Center have jointly launched a centralized bond lending business, with 78 institutions participating in the initial phase, aimed at enhancing market liquidity and efficiency [2][6]. Group 1: Launch Details - The centralized bond lending business was officially launched on October 10, with 78 participating institutions including major state-owned banks, joint-stock banks, city commercial banks, foreign banks, rural commercial banks, and securities companies [2][5]. - The first day of operation saw the bond pool scale exceed 1.3 trillion yuan, covering various types of bonds such as government bonds, local government bonds, and corporate bonds [5][6]. Group 2: Operational Mechanism - The centralized bond lending service allows lenders to voluntarily set parameters and establish a bond pool, facilitating automatic matching and settlement through the Interbank Lending Center's platform [6][7]. - The lending period is set between a minimum of 1 day and a maximum of 3 days, with rates based on historical transaction fees [7]. Group 3: Market Impact - This initiative is expected to mitigate settlement risks, enhance market functions, improve trading efficiency, and increase market liquidity, thereby supporting investors in managing their bond portfolios [7].