记者日前从中国人民银行获悉，8月份，商业汇票承兑发生额3.3万亿元，贴现发生额2.5万亿元。截 至8月末，商业汇票承兑余额20.2万亿元，贴现余额15.7万亿元。 中国人民银行公布的金融市场运行情况显示，8月份，签发票据的中小微企业10.9万家，占全部签 票企业的93.3%，中小微企业签票发生额2.4万亿元，占全部签票发生额的73.4%。贴现的中小微企业 12.1万家，占全部贴现企业的96.6%，贴现发生额2万亿元，占全部贴现发生额的78.8%。 8月份，同业拆借加权平均利率1.4%，质押式回购加权平均利率1.41%，均环比下降5个基点。（记 者任军） 【纠错】 【责任编辑:刘子丫】 此外，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 ...

北京商报讯(记者刘四红)8月29日，人民银行官网发布2025年7月份金融市场运行情况。数据显示，7月 份，商业汇票承兑发生额3.7万亿元，贴现发生额3.1万亿元。截至7月末，商业汇票承兑余额19.9万亿 元，贴现余额15.6万亿元。 7月份，签发票据的中小微企业11.2万家，占全部签票企业的93.5%，中小微企业签票发生额2.8万亿 元，占全部签票发生额的74.1%。贴现的中小微企业12.4万家，占全部贴现企业96.5%，贴现发生额2.4 万亿元，占全部贴现发生额78.1%。 ...

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]

人民财讯8月29日电，央行发布2025年7月份金融市场运行情况，7月份，商业汇票承兑发生额3.7万亿 元，贴现发生额3.1万亿元。截至7月末，商业汇票承兑余额19.9万亿元，贴现余额15.6万亿元。 7月份，签发票据的中小微企业11.2万家，占全部签票企业的93.5%，中小微企业签票发生额2.8万亿 元，占全部签票发生额的74.1%。贴现的中小微企业12.4万家，占全部贴现企业96.5%，贴现发生额2.4 万亿元，占全部贴现发生额78.1%。 ...

21世纪经济报道记者边万莉近日，因首次被列入上海票据交易所承兑人逾期名单(截至2025年7月31日)，泰兴市兴黄综合投资开 发有限公司(以下简称"兴黄投资")引发市场关注。 据上海票据交易所披露，2025年2月1日至7月31日期间，发生3次以上票据逾期且月末有逾期余额或当月有逾期行为的承兑人共 计991家，兴黄投资首次出现在该名单中。8月15日，兴黄投资发布公告表示，"2025年02月01日至2025年07月31日，我公司承兑 的3张商业汇票发生逾期，共计1753万元。截至2025年08月15日，以上票据均已结清。" 据了解，经与上海票据交易所核实，目前相关承兑业务已完成。兴黄投资表示，"此事项不会对我司正常经营管理造成不利影 响。我司目前在上海票据交易所已发布结清说明，尽请广大投资者关注。截至本公告出具日，公司各项业务均正常生产经营， 本次事项不会对公司财务状况及偿债能力造成不利影响。" 企业预警通显示，兴黄投资目前共有4只存续债券，包括22泰兴兴黄债01、18泰兴兴黄债01、20兴黄01、21兴黄01。其中，22泰 兴兴黄债01、18泰兴兴黄债01均为申万宏源证券（000562）主承销。截至2024年末， ...

Core Viewpoint - The Chinese government is implementing measures to increase credit support for the economy, particularly focusing on small and micro enterprises, in response to rising economic pressures from both domestic and international factors [1][2][3]. Group 1: Economic Context - Recent economic pressures have intensified due to unexpected domestic and international factors, including geopolitical conflicts affecting global supply chains and rising commodity prices [1]. - Domestic challenges such as sporadic COVID-19 outbreaks, logistics disruptions, and rising raw material costs have significantly impacted business operations, especially for small and micro enterprises [1][2]. Group 2: Credit Policy Measures - The State Council has decided to double the quota and support ratio for inclusive small and micro loans, shorten the acceptance period for commercial bills, and allow for deferred principal and interest payments [2]. - These measures aim to provide additional funding to small and micro enterprises, alleviating financial pressures caused by the pandemic and improving the efficiency of fund utilization [2]. Group 3: Focus Areas for Credit Support - Emphasis will be placed on key regions, sectors, and industries, with structural monetary policy tools being utilized to enhance financial support for small and micro enterprises, green development, technological innovation, energy supply, and water infrastructure [2]. - The policy also aims to maintain stable growth in real estate credit and support loans for severely affected individuals and businesses [2]. Group 4: Implementation and Confidence - The financial system is urged to enhance urgency and ensure the swift implementation of policies, with various banks collaborating to support key areas and address effective credit demand [3]. - There is a strong belief that macroeconomic policies have the capacity to overcome current challenges, and the implementation of increased credit measures will help restore market confidence and stabilize economic operations [3].

Core Viewpoint - In June 2024, the People's Bank of China reported significant activity in the bond market, with a total issuance of various bonds amounting to 7.0916 trillion yuan, indicating robust market dynamics and participation from different sectors [1] Bond Market Issuance - In June, the bond market issued a total of 7.0916 trillion yuan, including 1.2816 trillion yuan in government bonds, 671.44 billion yuan in local government bonds, 833.47 billion yuan in financial bonds, 1.2339 trillion yuan in corporate credit bonds, 24.49 billion yuan in credit asset-backed securities, and 2.9843 trillion yuan in interbank certificates of deposit [1] Bond Market Custody Balance - As of the end of June, the total custody balance of the bond market reached 165 trillion yuan, with 144.4 trillion yuan in the interbank market and 20.6 trillion yuan in the exchange market [1] - The custody balance by bond type includes 30.9 trillion yuan in government bonds, 42.3 trillion yuan in local government bonds, 39.3 trillion yuan in financial bonds, 32.5 trillion yuan in corporate credit bonds, 1.3 trillion yuan in credit asset-backed securities, and 17.5 trillion yuan in interbank certificates of deposit [1] Trading Activity - In June, the interbank bond market recorded a transaction volume of 33 trillion yuan, with a daily average of 1.7359 trillion yuan, reflecting a year-on-year increase of 34.8% and a month-on-month increase of 12.8% [2] - The exchange bond market had a transaction volume of 3.5 trillion yuan, with a daily average of 186.28 billion yuan [2] - The commercial bank counter market saw 10.8 million transactions, amounting to 41.12 billion yuan [2] Foreign Participation - By the end of June, the custody balance of foreign institutions in the Chinese bond market was 4.35 trillion yuan, accounting for 2.6% of the total custody balance [2] - Foreign institutions held 2.21 trillion yuan in government bonds, representing 51.3% of their total holdings [2] Money Market Activity - In June, the interbank lending market recorded a transaction volume of 7.6 trillion yuan, a year-on-year decrease of 45.4% and a month-on-month decrease of 6.3% [2] - The bond repurchase transactions totaled 117.7 trillion yuan, down 24.4% year-on-year and 2.2% month-on-month [2] Interest Rates - The weighted average interest rate for interbank lending in June was 1.87%, an increase of 2 basis points month-on-month [3] - The weighted average interest rate for pledged repos was 1.89%, up 7 basis points month-on-month [3] Commercial Paper Market - In June, the acceptance amount of commercial bills was 3.4 trillion yuan, with a discount amount of 2.9 trillion yuan [3] - By the end of June, the acceptance balance of commercial bills was 17.8 trillion yuan, and the discount balance was 12.9 trillion yuan [3] - Small and micro enterprises accounted for 93% of the bill issuers, with their acceptance amount reaching 2.4 trillion yuan, representing 71.4% of the total [3]

Market Overview - In June, the average daily trading volume in the Shanghai Stock Exchange was 510.4 billion yuan, an increase of 8.6% month-on-month; the Shenzhen Stock Exchange's average daily trading volume was 796.9 billion yuan, up 11.5% month-on-month [1][7] Bond Market Issuance - In June, the bond market issued a total of 87,939.5 billion yuan in various bonds, including 15,903.9 billion yuan in government bonds, 11,753.2 billion yuan in local government bonds, 10,738.7 billion yuan in financial bonds, 14,257.3 billion yuan in corporate credit bonds, 247.2 billion yuan in credit asset-backed securities, and 34,569.3 billion yuan in interbank certificates of deposit [2] Bond Market Operation - In June, the interbank bond market had a total transaction volume of 34.3 trillion yuan, with an average daily transaction of 1.7 trillion yuan, a year-on-year decrease of 1.2% but a month-on-month increase of 6.2% [3] Foreign Participation in Bond Market - As of the end of June, the custody balance of foreign institutions in the Chinese bond market was 4.3 trillion yuan, accounting for 2.3% of the total custody balance [4] Money Market Activity - In June, the interbank lending market had a transaction volume of 8.4 trillion yuan, a year-on-year increase of 11.2% and a month-on-month increase of 26.0% [5] Commercial Paper Market - In June, the acceptance amount of commercial bills was 3.5 trillion yuan, and the discount amount was 2.8 trillion yuan [6] Stock Market Performance - By the end of June, the Shanghai Composite Index closed at 3,444.4 points, an increase of 96.9 points or 2.9% month-on-month; the Shenzhen Component Index closed at 10,465.1 points, up 424.5 points or 4.2% month-on-month [7]

6月份，债券市场共发行各类债券87939.5亿元。国债发行15903.9亿元，地方政府债券发行11753.2亿 元，金融债券发行10738.7亿元，公司信用类债券发行14257.3亿元，信贷资产支持证券发行247.2亿元， 同业存单发行34569.3亿元。 截至6月末，债券市场托管余额188.5万亿元。其中,银行间市场托管余额166.7万亿元，交易所市场托管 余额21.9万亿元。分券种来看，国债托管余额37.2万亿元，地方政府债券托管余额51.7万亿元，金融债 券托管余额42.7万亿元，公司信用类债券托管余额33.7万亿元，信贷资产支持证券托管余额1.0万亿元， 同业存单托管余额21.1万亿元。商业银行柜台债券托管余额2038.0亿元。 智通财经APP获悉，7月31日，央行发布2025年6月份金融市场运行情况。数据显示，6月份，债券市场 共发行各类债券87939.5亿元。国债发行15903.9亿元，地方政府债券发行11753.2亿元，金融债券发行 10738.7亿元，公司信用类债券发行14257.3亿元，信贷资产支持证券发行247.2亿元，同业存单发行 34569.3亿元。 原文如下： 2025年6月份金融市 ...