8月份，同业拆借加权平均利率1.40%，环比下降5个基点；质押式回购加权平均利率1.41%，环比下降5 个基点。 北京商报讯(记者岳品瑜董晗萱)9月30日，人民银行公布2025年8月份金融市场运行情况。8月份，银行 间同业拆借市场成交8.8万亿元，同比减少3.1%，环比减少10.4%；债券回购成交160.8万亿元，同比增 加11.8%，环比减少8.28%。交易所标准券回购成交52.9万亿元，同比增加18.3%，环比减少7.9%。 ...

【大河财立方消息】9月30日，央行发布2025年8月份金融市场运行情况。 三、债券市场对外开放情况 截至8月末，境外机构在中国债券市场的托管余额3.9万亿元，占中国债券市场托管余额的比重为2.0%。 其中，境外机构在银行间债券市场的债券托管余额3.8万亿元；分券种看，境外机构持有国债2.0万亿 元、占比52.5%，同业存单0.9万亿元、占比23.8%，政策性银行债券0.7万亿元、占比19.3%。 四、货币市场运行情况 8月份，银行间同业拆借市场成交8.8万亿元，同比减少3.1%，环比减少10.4%；债券回购成交160.8万亿 元，同比增加11.8%，环比减少8.28%。交易所标准券回购成交52.9万亿元，同比增加18.3%，环比减少 7.9%。 8月份，同业拆借加权平均利率1.40%，环比下降5个基点；质押式回购加权平均利率1.41%，环比下降5 个基点。 一、债券市场发行情况 8月份，债券市场共发行各类债券74281.4亿元。国债发行13277.6亿元，地方政府债券发行9776.4亿元， 金融债券发行11550.3亿元，公司信用类债券1发行12391.4亿元，信贷资产支持证券发行212.2亿元，同 业存单发 ...

9月30日，央行公布2025年8月份金融市场运行情况。其中，8月末，上证指数收于3857.9点，环比上升 284.7点，涨幅8.0%；深证成指收于12696.2点，环比上升1686.4点，涨幅15.3%。8月份，沪市日均交易 量9566.4亿元，环比增加41.0%；深市日均交易量13230.0亿元，环比增加42.0%。 ...

9月30日，央行公布2025年8月份金融市场运行情况。其中，8月份，银行间同业拆借市场成交8.8万亿 元，同比减少3.1%，环比减少10.4%；债券回购成交160.8万亿元，同比增加11.8%，环比减少8.28%。 交易所标准券回购成交52.9万亿元，同比增加18.3%，环比减少7.9%。8月份，同业拆借加权平均利率 1.40%，环比下降5个基点；质押式回购加权平均利率1.41%，环比下降5个基点。 ...

央行发布2025年8月份金融市场运行情况。8月末，上证指数收于3857.9点，环比上升284.7点，涨幅 8.0%；深证成指收于12696.2点，环比上升1686.4点，涨幅15.3%。8月份，沪市日均交易量9566.4亿元， 环比增加41.0%；深市日均交易量13230.0亿元，环比增加42.0%。 （文章来源：第一财经） ...

Bond Market Issuance - In July, the bond market issued a total of 77,536.2 billion yuan across various types of bonds, including 12,226.5 billion yuan in government bonds, 12,134.9 billion yuan in local government bonds, 13,905.5 billion yuan in financial bonds, 13,496.8 billion yuan in corporate credit bonds, 329.3 billion yuan in credit asset-backed securities, and 24,743.6 billion yuan in interbank certificates of deposit [2] Bond Market Operation - The interbank bond market recorded a total transaction volume of 37.3 trillion yuan in July, with an average daily transaction of 1.6 trillion yuan, reflecting a year-on-year increase of 2.8% but a month-on-month decrease of 5.5% [3] - The exchange bond market had a transaction volume of 4.4 trillion yuan, with an average daily transaction of 190.4 billion yuan [3] Foreign Participation in Bond Market - As of the end of July, the custody balance of foreign institutions in the Chinese bond market was 4.0 trillion yuan, accounting for 2.1% of the total custody balance [4] - Foreign institutions held 2.0 trillion yuan in government bonds, representing 51.4% of their total holdings [4] Money Market Operation - The interbank lending market saw a transaction volume of 9.8 trillion yuan in July, a year-on-year increase of 3.1% and a month-on-month increase of 16.6% [5] - The weighted average interest rate for interbank lending was 1.45%, down by 1 basis point from the previous month [5] Bill Market Operation - In July, the acceptance amount of commercial bills was 3.7 trillion yuan, while the discount amount was 3.1 trillion yuan [6] - Small and micro enterprises accounted for 93.5% of all bill issuers, with a total bill issuance amount of 2.8 trillion yuan [6] Stock Market Operation - By the end of July, the Shanghai Composite Index closed at 3,573.2 points, up 128.8 points or 3.7% from the previous month [7] - The average daily trading volume in the Shanghai market was 678.5 billion yuan, reflecting a month-on-month increase of 32.9% [7] Holder Structure in Interbank Bond Market - As of the end of July, there were 3,986 institutional members in the interbank bond market, all of which were financial institutions [8] - The top 50 investors in corporate credit bonds held 53.3% of the total bonds, primarily concentrated in public funds, state-owned commercial banks, and insurance financial institutions [9]

Core Insights - The central point of the article is the performance of the financial market in July 2025, as reported by the central bank, highlighting significant increases in major stock indices and trading volumes. Market Performance - As of the end of July, the Shanghai Composite Index closed at 3573.2 points, reflecting a month-on-month increase of 128.8 points, which corresponds to a growth rate of 3.7% [1] - The Shenzhen Component Index reached 11009.8 points, with a month-on-month rise of 544.7 points, indicating a growth rate of 5.2% [1] Trading Volume - The average daily trading volume in the Shanghai market was 6785.5 billion yuan, representing a month-on-month increase of 32.9% [1] - The average daily trading volume in the Shenzhen market was 9316.3 billion yuan, showing a month-on-month increase of 16.9% [1]

Bond Market Issuance - In July, the bond market issued a total of 77,536.2 billion yuan in various types of bonds, including 12,226.5 billion yuan in government bonds, 12,134.9 billion yuan in local government bonds, 13,905.5 billion yuan in financial bonds, 13,496.8 billion yuan in corporate credit bonds, 329.3 billion yuan in credit asset-backed securities, and 24,743.6 billion yuan in interbank certificates of deposit [1] Bond Market Operation - In July, the interbank bond market had a total transaction volume of 37.3 trillion yuan, with an average daily transaction of 1.6 trillion yuan, showing a year-on-year increase of 2.8% but a month-on-month decrease of 5.5%. Transactions with amounts between 5 million and 50 million yuan accounted for 51.8% of the total transaction amount [2] Bond Market Foreign Investment - As of the end of July, the custody balance of foreign institutions in the Chinese bond market was 4.0 trillion yuan, accounting for 2.1% of the total custody balance. Among these, 3.9 trillion yuan was held in the interbank bond market, with foreign institutions holding 2.0 trillion yuan in government bonds, 1.0 trillion yuan in interbank certificates of deposit, and 0.8 trillion yuan in policy bank bonds [3] Money Market Operation - In July, the interbank lending market had a transaction volume of 9.8 trillion yuan, a year-on-year increase of 3.1% and a month-on-month increase of 16.6%. The bond repurchase transaction volume was 175.3 trillion yuan, with a year-on-year increase of 18.5% [4] Bill Market Operation - In July, the acceptance amount of commercial bills was 3.7 trillion yuan, and the discount amount was 3.1 trillion yuan. As of the end of July, the acceptance balance of commercial bills was 19.9 trillion yuan, and the discount balance was 15.6 trillion yuan [5] Stock Market Operation - By the end of July, the Shanghai Composite Index closed at 3,573.2 points, an increase of 128.8 points or 3.7% from the previous month. The Shenzhen Component Index closed at 11,009.8 points, an increase of 544.7 points or 5.2% [6] Interbank Bond Market Holder Structure - As of the end of July, there were 3,986 institutional members in the interbank bond market, all of which were financial institutions. The top 50 investors in corporate credit bonds held 53.3% of the total, primarily concentrated in public funds, state-owned commercial banks, and insurance financial institutions [7]

Core Insights - The central viewpoint of the article highlights the performance of the financial market in July 2025, as reported by the central bank, indicating growth in interbank lending and bond repurchase transactions. Group 1: Interbank Market - In July, the interbank lending market recorded a transaction volume of 9.8 trillion yuan, representing a year-on-year increase of 3.1% and a month-on-month increase of 16.6% [1] - The weighted average interest rate for interbank lending was 1.45%, showing a decrease of 1 basis point month-on-month [1] Group 2: Bond Repurchase Market - The bond repurchase transactions totaled 175.3 trillion yuan in July, which is an 18.5% increase year-on-year and a 12.2% increase month-on-month [1] - The standard bond repurchase transactions on exchanges reached 57.4 trillion yuan, reflecting a year-on-year growth of 21.1% and a month-on-month increase of 13.5% [1] - The weighted average interest rate for pledged repos was 1.46%, which decreased by 4 basis points month-on-month [1]

Group 1: Bond Market Overview - In May, the bond market issued a total of 71,951.6 billion yuan in various bonds, including 14,892.9 billion yuan in government bonds, 7,794.4 billion yuan in local government bonds, 12,184.1 billion yuan in financial bonds, 9,022.7 billion yuan in corporate credit bonds, 239.0 billion yuan in credit asset-backed securities, and 27,741.5 billion yuan in interbank certificates of deposit [1] - The interbank bond market saw a total transaction volume of 30.7 trillion yuan in May, with an average daily transaction of 1.6 trillion yuan, reflecting a year-on-year increase of 5.0% and a month-on-month increase of 6.6% [1] - As of the end of May, the custody balance of foreign institutions in the Chinese bond market was 4.4 trillion yuan, accounting for 2.3% of the total custody balance, with 4.3 trillion yuan in the interbank bond market [1] Group 2: Money Market and Interest Rates - In May, the interbank lending market recorded a transaction volume of 6.7 trillion yuan, a year-on-year decrease of 17.3% and a month-on-month decrease of 3.8%; meanwhile, bond repurchase transactions totaled 129.8 trillion yuan, showing a year-on-year increase of 7.8% [2] - The weighted average interest rate for interbank lending was 1.55%, down 18 basis points month-on-month, while the weighted average interest rate for pledged repos was 1.56%, down 16 basis points [2] Group 3: Commercial Paper and Small Enterprises - In May, the acceptance amount of commercial bills was 3.5 trillion yuan, and the discount amount was 2.9 trillion yuan; as of the end of May, the acceptance balance of commercial bills was 20.0 trillion yuan, and the discount balance was 15.2 trillion yuan [2] - Small and micro enterprises accounted for 93.4% of all bill issuers, with 10.7 million small and micro enterprises issuing bills totaling 2.6 trillion yuan, representing 72.7% of the total bill issuance [2] Group 4: Stock Market Performance - By the end of May, the Shanghai Composite Index closed at 3,347.5 points, up 68.5 points or 2.1% month-on-month, while the Shenzhen Component Index closed at 10,040.6 points, up 140.8 points or 1.4% [2] - The average daily trading volume in the Shanghai market was 469.8 billion yuan, down 8.9% month-on-month, while the Shenzhen market saw an average daily trading volume of 714.5 billion yuan, up 3.4% month-on-month [2] Group 5: Holder Structure of Interbank Bond Market - As of the end of May, there were 3,988 institutional members in the interbank bond market, all of which were financial institutions; the top 50 investors in corporate credit bonds held 48.1% of the total bonds, primarily concentrated in public funds, state-owned commercial banks, and insurance financial institutions [3]