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Wednesday, May 17, 2000, updated at 17:24(GMT+8)
Business  

China's Interbank Trading Active in April

Turnover on China's interbank money market topped 124.92 billion yuan in April, according to the Shanghai-based China Interbank Trade System.

This means an average of some 5.67 billion yuan for each of the 22 trading days of the month, an increase of 35.97 percent compared with the March figure.

The total interbank trading volume included 59.81 billion yuan in credit, 59.94 billion yuan in bond repurchase agreements, and 5. 16 billion yuan in spot bonds.

Interbank trading was most active on seven-day and 20-day items, accounting for 54.25 percent and 19.89 percent of all the transactions, respectively.

The repurchasing of bonds was most active on seven-day items, making up 53.12 percent of all transactions.

The weighted average interbank lending rate and repurchasing rate were 2.434 percent and 2.425 percent, respectively.




In This Section
 

Turnover on China's interbank money market topped 124.92 billion yuan in April, according to the Shanghai-based China Interbank Trade System. This means an average of some 5.67 billion yuan for each of the 22 trading days of the month, an increase of 35.97 percent compared with the March figure.

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