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上海国际金融中心一周要闻回顾(10月6日—10月12日)
Guo Ji Jin Rong Bao· 2025-10-12 06:46
这周有哪些大事要闻? 发布了哪些重要政策、通知? 一起来快速回顾一下吧! 领导关心 1.为上海发展贡献宝贵力量!龚正会见来沪参加上海市市长国际企业家咨询会议的企业家代表 10月10日,由人民银行上海总部和市委金融办共同主办的上海金融"五篇大文章"工作推进会在沪召开。 上海市委常委、常务副市长吴伟出席会议并讲话,市政府副秘书长顾军出席会议。上海金融"五篇大文 章"工作专班成员单位、相关金融市场基础设施及在沪主要金融机构负责同志参加会议。 会议强调,做好上海金融"五篇大文章",要顺应上海经济社会高质量发展的战略需要、阶段特征和结构 特点,深化金融供给侧结构性改革,与上海"五个中心"建设实现同题共答、同频共振、同向发力。要紧 扣高水平科技自立自强目标和上海科技创新策源功能定位,充分发挥科创金融改革试验区、科技保险创 新引领区等重要平台作用,更好推动上海国际科创中心与国际金融中心建设双向赋能、相互促进。要聚 焦绿色化、数字化发展,发挥上海国际绿色金融枢纽作用,实施好推进全球金融科技中心建设行动方 案,更好助力上海现代化产业体系建设。要坚持金融为民,不断创新普惠金融产品和服务模式,着力完 善养老金融体系,更好助力上海人 ...
本币市场:资金面整体均衡
Jin Rong Shi Bao· 2025-09-25 02:05
资金面整体均衡 8月,央行流动性呵护态度不改,资金面整体均衡。其中,买断式逆回购和中期借贷便利(MLF) 均增量续做,公开市场操作(OMO)投放超6万亿元,充分满足银行的资金需求,全月公开市场整体净 投放4466亿元。 具体来看,8月,央行MLF提量续做6000亿元、净投放3000亿元;买断式逆回购投放12000亿元、 净投放3000亿元;逆回购净回笼534亿元;国库现金定存净回笼1000亿元。分析人士表示,8月资金面整 体均衡,受股市影响,税期前后资金面边际收敛,但央行呵护力度不改,促进银行流动性状况改善,月 末资金面回归平稳宽松。 在此背景下,主要回购利率继续下行。交易中心数据显示,存款类机构隔夜回购利率(DR001)、 隔夜质押式回购利率(R001)月度加权均值分别环比下行4个基点、下行5个基点至1.35%和1.4%; DR007、R007月度加权均值分别环比下行4个基点、下行5个基点至1.49%和1.51%。全月DR007最低值 1.4242%、最高值1.568%、中位数1.4669%;波动幅度为14个基点,环比减少9个基点。 分阶段来看,8月初,逆回购到期量较大,无碍资金面平稳宽松,资金利率维持低位 ...
明志科技拟开展不超2000万美元外汇衍生品交易业务
Xin Lang Cai Jing· 2025-08-29 18:35
Core Viewpoint - Suzhou Mingzhi Technology Co., Ltd. has announced the initiation of foreign exchange derivative trading to mitigate foreign exchange market risks and enhance financial stability [1][2]. Group 1: Reasons and Objectives - The company aims to effectively hedge against foreign exchange market risks due to its export business, preventing adverse impacts from significant exchange rate fluctuations on its performance [2]. - The initiative is expected to improve the efficiency of foreign exchange fund utilization and reduce financial costs [2]. Group 2: Types of Transactions - The foreign exchange derivative trading will include products closely related to the company's core business, such as foreign exchange forwards, swaps, options, structured forwards, interest rate swaps, interest rate options, and currency swaps [3]. Group 3: Transaction Limits, Duration, and Authorization - The total amount for foreign exchange derivative trading is capped at $20 million, which can be rolled over within 12 months from the date of board approval [4]. - The board has authorized the chairman or designated personnel to make decisions and sign relevant documents within the approved limit [4]. Group 4: Risk Analysis and Control Measures - The company has identified risks such as exchange rate fluctuations, liquidity risks, and counterparty risks, with measures in place to mitigate these risks [4]. - A management system for foreign exchange derivative trading has been established to ensure compliance and risk control [4]. Group 5: Accounting Policies and Principles - The company will follow relevant accounting standards for the recognition and measurement of financial instruments, ensuring accurate reflection in financial statements [5]. Group 6: Supervisory Board Opinion - The supervisory board supports the foreign exchange derivative trading initiative, stating it effectively mitigates foreign exchange market risks and enhances fund utilization efficiency [6]. - The approval process complies with legal regulations and the company's articles of association, ensuring no harm to the company or shareholders [6].
振江股份: 外汇套期保值业务管理制度(2025年8月修订)
Zheng Quan Zhi Xing· 2025-08-29 17:12
Core Points - The article outlines the foreign exchange hedging management system of Jiangsu Zhenjiang New Energy Equipment Co., Ltd, aimed at regulating hedging activities and mitigating risks associated with foreign exchange rate fluctuations [2][3][4] Summary by Sections General Principles - The system is applicable to the company and its subsidiaries, ensuring compliance with relevant laws and regulations while safeguarding company assets [2] - Foreign exchange hedging activities must be based on actual business needs and should not be conducted for speculative purposes [2][3] Operational Principles - The company is required to establish its own trading accounts for hedging and can only transact with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3] - Hedging transactions must align with the company's foreign currency receivables and payables forecasts, ensuring that the amounts do not exceed these forecasts [3][4] Approval Authority - The board of directors or shareholders' meeting determines the hedging limits, with specific approval processes based on the transaction amounts relative to the company's audited net assets [4][5] Internal Procedures - The finance department is responsible for feasibility analysis, planning, and execution of hedging transactions, while the audit department oversees compliance and performance [6][7] - Regular reporting and monitoring of hedging activities are mandated to ensure transparency and risk management [7][8] Confidentiality - All personnel involved in hedging activities must adhere to confidentiality obligations regarding the company's hedging strategies and financial information [13] Risk Reporting and Management - Significant market fluctuations or risks that could impact the company's financial performance must be reported immediately to management and the board [15][16] - The finance department is tasked with monitoring market conditions and making timely decisions to minimize potential losses [16] Information Disclosure - The company is required to disclose information regarding its hedging activities in accordance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [18][19]
长久物流: 长久物流:关于开展金融衍生产品交易的公告
Zheng Quan Zhi Xing· 2025-08-26 16:19
Core Viewpoint - The company aims to mitigate foreign exchange risks associated with its international business operations by engaging in financial derivative transactions with reputable domestic financial institutions [1][2]. Summary by Sections Financial Derivative Products Overview - The primary purpose of the transactions is to hedge against foreign exchange risks due to increasing foreign currency settlement volumes as the company expands its international business [1]. - The company plans to conduct transactions including but not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, and currency swaps [2][3]. Transaction Amount - The authorized transaction amount for financial derivative transactions is capped at RMB 300 million (including equivalent foreign currency amounts) [2]. - The maximum expected margin and premium for these transactions will not exceed RMB 35 million (including equivalent foreign currency amounts) [2]. Funding Source - The funds for the financial derivative transactions will come from the company's own resources and will not involve raised funds [2]. Transaction Duration - The validity of the transactions will last for a maximum of 12 months from the date of approval by the company's board of directors [3]. Review Procedures - The proposal for engaging in financial derivative transactions was approved by the company's board of directors and does not require shareholder meeting approval [3]. Impact on the Company - Engaging in financial derivative transactions is intended to enhance the company's ability to manage foreign exchange risk without affecting normal business operations or cash flow [4]. - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to these transactions [4].
长久物流拟3亿元开展金融衍生产品交易,降低外汇风险
Xin Lang Cai Jing· 2025-08-26 12:52
Core Viewpoint - The company Long-term Logistics (stock code: 603569) announced on August 27, 2025, its plan to engage in financial derivative transactions with reputable domestic commercial banks to mitigate foreign exchange market risks and reduce the impact of exchange rate fluctuations on its profits [1]. Transaction Details - The authorized period for the proposed financial derivative transactions is up to 12 months from the board's approval date, with a maximum transaction amount not exceeding RMB 300 million (including equivalent foreign currency amounts) at any point within the authorized limit [2]. - The maximum margin and premium to be utilized for these transactions will not exceed RMB 35 million (including equivalent foreign currency amounts), and the funds can be recycled within the authorized period [2]. - The types of transactions include but are not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, currency swaps, and combinations thereof, involving major settlement currencies such as USD, EUR, and PLN [2]. Review Situation - This matter was approved at the 13th meeting of the fifth board of directors held on August 26, 2025, and does not require submission to the shareholders' meeting as it falls within the board's approval authority [3]. - The company had previously approved a similar proposal on August 23, 2024, which was successfully executed without exceeding the authorized limit, necessitating a new application due to the expiration of the 12-month authorization period [3]. Risk and Control - The company acknowledges the market, performance, liquidity, and operational risks associated with financial derivative transactions and has implemented several measures to control these risks [4]. - These measures include selecting simple and controllable products aimed at hedging, adhering to the authorized limit, and establishing clear responsibilities and approval processes [4]. - The finance department is responsible for implementation and monitoring, while the audit department oversees compliance, with independent directors and the supervisory board having the authority to conduct inspections [4]. Impact on the Company - The purpose of engaging in these transactions is to hedge against the risks posed by foreign exchange market fluctuations, thereby enhancing the company's ability to manage exchange rate risks without engaging in speculative or arbitrage activities [5]. - The company assures that this will not affect its daily cash flow or core business operations, and it will account for the transactions according to relevant accounting standards and disclose pertinent information in a timely manner [5].
债市“吸金”能力爆发!7月净融资2.3万亿元,同比大增86%
Sou Hu Cai Jing· 2025-08-19 06:12
Group 1 - The core viewpoint of the article indicates that the interbank currency market experienced an increase in trading volume while the balance decreased, with most repo rates declining and large commercial banks' average net lending balance falling [1][2][3] Group 2 - In July, the total trading volume in the currency market reached 185.2 trillion yuan, reflecting a month-on-month increase of 12.4%, while the average daily transaction decreased by 2.2% to 8.1 trillion yuan [2] - The central bank intensified liquidity provision, resulting in an overall balanced and slightly loose funding environment, with a net injection of 468 billion yuan in the open market throughout the month [3][4] - The average daily balance in the currency market decreased to 12.8 trillion yuan, down 2.1% month-on-month, while the average net lending balance of large commercial banks fell by 4.0% [5] Group 3 - Bond issuance and average daily trading volume decreased month-on-month, with total bond issuance in July at 5.29 trillion yuan, a decline of 0.6% from the previous month, but a year-on-year increase of 27.6% [6] - The bond market saw a fluctuation in yields, with the 10-year government bond yield ranging between 1.64% and 1.75%, and the yield curve steepening [8] - The interest rate swap curve shifted from inverted to upward sloping, with daily average transaction volume increasing by 44.8% in July [9]
晨光新材:关于开展外汇衍生品交易业务的公告
Zheng Quan Ri Bao Zhi Sheng· 2025-08-15 13:17
Core Viewpoint - The company, Morning Light New Materials, has approved a proposal to engage in foreign exchange derivative trading, allowing for a total trading amount of up to 90 million USD or equivalent currencies [1] Group 1: Business Operations - The board of directors approved the proposal during the 13th meeting of the third session on August 14, 2025 [1] - The foreign exchange derivative trading will include forward foreign exchange settlements, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and currency swaps, among other combinations [1] - The trading activities are authorized to be executed by the company's management within the specified limits and duration [1] Group 2: Financial Limits - The cumulative trading amount for the foreign exchange derivatives is capped at 90 million USD [1] - The trading activities can be rolled over within the approved limits and duration [1]
本币市场:上半年流动性管理更趋精细化
Jin Rong Shi Bao· 2025-08-08 08:00
Monetary Policy and Economic Support - The central bank has intensified counter-cyclical adjustments and implemented a package of financial support measures, resulting in significant effects on supporting the real economy [1] - The People's Bank of China (PBOC) will continue to implement a moderately loose monetary policy and closely monitor the transmission and actual effects of previously implemented policies [1][2] Market Liquidity and Interest Rates - In the first half of the year, the interbank RMB market saw a decrease in trading volume and balance, with a total transaction volume of 101.5 trillion yuan, down 12% quarter-on-quarter and 5% year-on-year [1] - The average weighted rates for overnight repo rates (DR001) and overnight pledged repo rates (R001) increased by 5 basis points to 1.62% and 1.73%, respectively [3] Bond Market Performance - A total of 27.1 trillion yuan in bonds were issued in the first half of the year, representing a 3.8% increase quarter-on-quarter and a 24.1% increase year-on-year, with net financing reaching 10.5 trillion yuan, up 33.3% quarter-on-quarter and 99% year-on-year [4] - The issuance of government bonds and local government bonds reached historical highs, with significant support for infrastructure investment [4] Interest Rate Swaps and Trading Activity - The interest rate swap curve shifted upward, with the average prices for 6-month, 1-year, and 5-year Shibor3M swaps increasing by 6, 15, and 8 basis points, respectively [6] - The total nominal principal for RMB interest rate swaps reached 20.9 trillion yuan, with a daily average transaction volume of 1.745 trillion yuan, reflecting a 28.9% increase [6]
上半年流动性管理更趋精细化
Jin Rong Shi Bao· 2025-07-30 02:30
Monetary Policy and Economic Support - The central bank has implemented a moderately loose monetary policy, enhancing counter-cyclical adjustments and introducing a package of financial support measures, which have shown significant effects in supporting the real economy [1][2] - The People's Bank of China (PBOC) will continue to implement a moderately loose monetary policy, closely monitoring the transmission and actual effects of previously implemented policies to better support domestic demand and stabilize social expectations [1][2] Liquidity Management - In the first half of the year, the central bank's liquidity management became more refined, with a net injection of 36,863 billion yuan through various tools, including reverse repos and medium-term lending facilities (MLF) [2][3] - The weighted average of overnight repo rates and pledged repo rates increased slightly, indicating a rise in the central tendency of funding rates [3] Bond Market Performance - The bond market saw a total issuance of 27.1 trillion yuan in bonds, a year-on-year increase of 24.1%, with net financing reaching 10.5 trillion yuan, reflecting strong policy support [4] - The issuance of special bonds has increased, particularly in infrastructure investment, which is crucial for economic growth [4] Yield Curve and Interest Rates - The yield curve for government bonds flattened, with varying changes in yields across different maturities, indicating a complex market response [5][6] - The average issuance rate for corporate credit bonds decreased by 32 basis points year-on-year, contributing to lower financing costs for the real economy [4] Interest Rate Swaps - The interest rate swap curve shifted upward, with significant increases in swap prices for various maturities, reflecting market adjustments [7] - The trading volume of interest rate swaps increased, with a notable rise in daily average transactions, indicating heightened market activity [7]