其中，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，同业存单发行26956.5亿元。 本报北京10月9日电（记者徐佩玉）中国人民银行9月30日发布数据显示，8月份，债券市场共发行各类 债券74281.4亿元。 债券市场对外开放方面，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%。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。 ...

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，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，同业存单发行 26956.5亿元。 截至8月末，债券市场托管余额192.0万亿元。其中，银行间市场托管余额169.8万亿元，交易所市场托管 余额22.2万亿元。分券种来看，国债托管余额38.4万亿元，地方政府债券托管余额53.0万亿元，金融债 券托管余额43.9万亿元，公司信用类债券托管余额34.1万亿元，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20.4万亿元。商业银行柜台债券托管余额2225.2亿元。 ...

央行发布2025年8月份金融市场运行情况。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，同业存单发行26956.5亿元。 截至8月末，债券市场托管余额192.0万亿元。其中,银行间市场托管余额169.8万亿元，交易所市场托管 余额22.2万亿元。分券种来看，国债托管余额38.4万亿元，地方政府债券托管余额53.0万亿元，金融债 券托管余额43.9万亿元，公司信用类债券托管余额34.1万亿元，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20.4万亿元。商业银行柜台债券托管余额2225.2亿元。 （文章来源：第一财经） ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The central bank's support for financial institutions to issue bonds to enhance consumer credit supply is expected to enrich the credit - bond market product structure, but the credit risk and pricing of underlying assets need attention [3][11]. - The Fed's interest - rate cut eases the inversion pressure of the Sino - US interest - rate spread, providing external space for China's monetary policy. However, its impact on China's credit - bond market is mainly on the emotional and capital levels, and the real effect needs to be transmitted through domestic policies. Investors are advised to be cautious [4][14][16]. - The current credit - bond investment has entered a "cooling - off period", and the investment strategy should focus on coupon defense of short - and medium - term varieties, with more attention paid to industry fundamentals and individual credit - risk identification [16]. 3. Summary by Directory Market Hotspots - **Central bank supports financial institutions to issue bonds**: On September 17, the central bank stated that it would support financial institutions to issue financial bonds and ABS to enhance consumer credit supply. As of August 2025, the bond - issuance scale of financial institutions reached 3.53 trillion yuan, a year - on - year increase of 18.06%. This move is expected to increase the supply of ABS products and enrich the credit - bond market variety structure, but the credit risk of underlying assets should be noted [3][10][11]. - **Fed's interest - rate cut**: On September 17, the Fed cut the federal funds rate target range by 25 basis points to 4.00% - 4.25%. It eases the Sino - US interest - rate spread inversion pressure, but the impact on China's credit - bond market is limited. The domestic bond - market logic is still dominated by internal factors. Investors are advised to be cautious [4][13][14]. Macroeconomic Data - At the end of August, the stock of social financing scale was 424 trillion yuan, a year - on - year increase of 8.8%, with the growth rate decreasing by 0.2 percentage points compared with July. The new social financing scale in August was 2.57 trillion yuan, a year - on - year decrease of 463 billion yuan, mainly due to the weakened support of government bond financing for social financing. In terms of money supply, M1 in August was 6.0%, up 0.4 percentage points from the previous month, and the M1 - M2 "scissors gap" narrowed to 2.8% [5][17]. Money Market - Last week, the central bank net - injected 1162.3 billion yuan through open - market operations. Affected by factors such as the approaching quarter - end, increased cash demand for the National Day holiday, and monthly time points, the capital price increased. The repurchase rates for terms within a month increased by 5 - 12 basis points, while the 3 - month and 1 - year Shibor changed little [6][20]. Credit - Bond Primary Market - Last week, the credit - bond issuance scale increased significantly to 326.103 billion yuan, with the daily average issuance scale increasing to 65.221 billion yuan. The cancellation of bond issuance decreased to 460.5 million yuan. All bond types and industries saw an increase in issuance scale. The infrastructure investment and financing industry had a net inflow of 38.49 billion yuan, and most industries in industrial bonds had a net inflow. The average issuance cost of credit bonds fluctuated, with a change range of 4 - 44 basis points [23][24][31]. Credit - Bond Secondary Market - Last week, the secondary - market spot - bond trading volume was 9261.011 billion yuan, with the daily average trading volume increasing to 1852.202 billion yuan, indicating increased trading activity. Affected by the "stock - bond seesaw" effect, most bond yields increased. The interest - rate bond yields increased by up to 5 basis points, and the credit - bond yields increased by 2 - 5 basis points. The credit spreads fluctuated within a narrow range, and the rating spreads changed little, with a change range within 3 basis points [35][38][42].

Group 1 - Trump has extended the TikTok ban execution again, with a response from the Ministry of Foreign Affairs [1] - The central bank is actively supporting qualified financial institutions to issue financial bonds to enhance consumer credit supply capacity [1] - The Ministry of Finance reported that from January to August, the securities transaction stamp duty reached 118.7 billion yuan, a year-on-year increase of 81.7% [1] Group 2 - The Ministry of Industry and Information Technology is soliciting public opinions on standards related to intelligent connected vehicles and combined driving assistance [1] - The Ministry of Commerce will select about 50 cities nationwide to carry out pilot projects for new consumption formats, models, and scenarios [1] - The Federal Reserve announced a 25 basis point interest rate cut, aligning with market expectations [1] Group 3 - The three major U.S. stock indices closed mixed, with the Dow Jones increasing by 0.57% and the Nasdaq China Golden Dragon Index rising by 2.85% [1]

Group 1: Open Market Operations - The central bank announced a 7-day reverse repurchase operation on September 17, with a fixed rate and quantity tendering of 418.5 billion yuan at an interest rate of 1.40%, with the same amount being the winning bid [1] - On the same day, 304 billion yuan of reverse repos matured, resulting in a net injection of 114.5 billion yuan [1] Group 2: Funding Conditions - The funding conditions remain tight due to ongoing tax payment impacts, with the overnight repo weighted average rate for deposit institutions rising over 4 basis points to around 1.48% [3] - Overnight funding quotes in the anonymous click (X-repo) system approached 1.6%, indicating scarce supply [3] - The latest overnight financing rate in the U.S. is reported at 4.51% [3] Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is around 1.68%, showing a slight decrease from the previous day [7] Group 4: Bond Market Overview - Major interest rate bonds in the interbank market have generally seen a decline in yields [9] - The closing prices for government bond futures showed collective increases, with the 30-year main contract rising by 0.31%, the 10-year by 0.13%, the 5-year by 0.10%, and the 2-year by 0.04% [13] Group 5: Fiscal Revenue and Debt Issuance - From January to August, the national general public budget revenue reached 1,481.98 billion yuan, a year-on-year increase of 0.3%, with stamp duty revenue at 28.44 billion yuan, up 27.4% [13] - The central bank is actively supporting qualified financial institutions in issuing financial bonds and asset-backed securities to enhance funding sources and improve consumer credit supply capabilities [13] Group 6: Bond Market Events - The Ministry of Finance plans to issue 60 billion yuan of 182-day discount treasury bonds on September 24 [18] - The China Development Bank will issue up to 25 billion yuan of fixed-rate bonds on September 18 [18] - Tencent is set to issue bonds for the first time in four years, raising approximately 9 billion yuan [18]

信贷产品与服务创新同步推进。央行指导金融机构聚焦"食、住、行、游、购、娱"等重点消费领域，从 供需两端发力完善业务流程，加大对消费行业经营主体首贷、续贷、信用贷及中长期贷款支持。 9月17日，在国新办新闻发布会上，中国人民银行信贷市场司负责人杨虹表示，截至目前，金融机构申 报服务消费与养老再贷款近600亿元，涉及经营主体近4000家、贷款5700多笔。 今年以来，中国人民银行联合商务部、财政部等多部门密集出台并落地一系列金融支持政策，从工具创 新、信贷投放、政策协同、渠道拓宽等多维度发力，为服务消费市场注入强劲动能。日前，商务部等9 部门联合印发相关政策措施，进一步强化财政金融协同，推动服务消费高质量发展。 服务消费与养老再贷款申报近600亿元 今年以来，人民银行出台多项政策支持提振和扩大服务消费，5月份，人民银行专门设立5000亿元服务 消费与养老再贷款，引导金融机构加大对住宿、餐饮、文体娱乐、教育、居民服务、旅游等服务消费重 点领域和养老产业的信贷投放。 杨虹17日在国新办新闻发布会上表示，截至7月末，不含个人住房贷款的全国住户消费贷款余额21.04万 亿元，比年初新增346亿元，同比增长5.34%。 截 ...

北京商报讯（记者 廖蒙）9月17日，国新办举行新闻发布会，介绍扩大服务消费有关政策措施。会上， 中国人民银行信贷市场司负责人杨虹就当前服务消费领域的金融支持政策进行介绍。 杨虹表示，人民银行积极支持符合条件的金融机构发行金融债券、信贷资产支持证券，拓宽资金来源， 提升消费信贷供给能力。推动汽车、消费、信用卡等零售类贷款资产证券化增量扩面，盘活信贷存量， 推动融资成本下降。截至7月末，汽车金融公司等发行金融债券215亿元，发行信贷资产支持证券484亿 元。 ...

人民财讯9月17日电，国新办于9月17日下午3时举行新闻发布会介绍扩大服务消费有关政策措施，中国 人民银行信贷市场司负责人杨虹表示，人民银行积极支持符合条件的金融机构发行金融债券、信贷资产 支持证券，拓宽资金来源，提升消费信贷供给能力。推动汽车、消费、信用卡等零售类贷款资产证券化 增量扩面，盘活信贷存量，推动融资成本下降。今年1—7月，汽车金融公司等发行金融债券215亿元， 发行信贷资产支持证券484亿元。 ...

钛媒体App 9月17日消息，中国人民银行信贷市场司负责人杨虹17日在国新办新闻发布会上表示，人民 银行积极支持符合条件的金融机构发行金融债券、信贷资产支持证券，拓宽资金来源，提升消费信贷供 给能力。推动汽车、消费、信用卡等零售类贷款资产证券化增量扩面，盘活信贷存量，推动融资成本下 降。截至7月末，汽车金融公司等发行金融债券215亿元，发行信贷资产支持证券484亿元。（中国网） ...