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债券通北向通买断式回购
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债券回购市场进一步对外开放措施落地
Jin Rong Shi Bao· 2025-09-30 01:16
Core Points - The People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange have announced measures to support foreign institutional investors in the Chinese bond market, specifically regarding bond repurchase transactions [1][2] - Starting from September 29, the China Foreign Exchange Trade System and National Interbank Funding Center expanded the channels and scope for foreign institutional investors to conduct bond repurchase transactions [1] - On the first day of trading, 18 foreign institutional investors completed 44 buyout repurchase transactions totaling 3.95 billion yuan, while 12 foreign institutional investors engaged in 12 buyout repurchase transactions totaling 1.87 billion yuan [1] Summary by Sections Expansion of Services - The trading center has broadened the service channels for foreign institutional investors to include all types of investors under the settlement agency channel for bond repurchase transactions [1] - Collaboration with foreign third-party platforms like Bloomberg has been established to facilitate participation in bond repurchase transactions under the Bond Connect program [1] Initial Trading Activity - The first day of trading saw participation from various types of foreign institutions, including offshore RMB clearing banks, foreign banks, and offshore asset management products [1] - The types of bonds involved in the transactions included government bonds, policy financial bonds, interbank certificates of deposit, and ordinary financial bonds from commercial banks [1] Future Developments - The trading center plans to continue building a high-quality service system and enhance cooperation with domestic and foreign financial infrastructures and electronic trading platforms [2] - Ongoing improvements to trading tools and mechanisms for foreign institutions are aimed at supporting the high-quality development and high-level opening of the Chinese financial market [2]