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CCB Marched into Bond Market
China Construction Bank (CCB) is actively extending its investment channels by participating in the market of bank-to-bank securities and warrant national debt.
CCB won a bid of 1.576 bn yuan, topping the rest by having acquired some 20 percent of the total financial bond after China Export-import Bank issued the first-phase financial bond among the national banks in the way of inviting public bid. Since March 1, all branches of the CCB issued the first-phase national debt, totaling four billion-yuan.
Insiders with CCB said their participation in bank-to-bank securities market might be a way for regulating currency supply and spreading credit policies and bringing its instructive role into play on the one hand, and on the other for reducing the management risk of commercial banks.
As reported, the bond balance of the CCB last yearend reached 180 bn yuan, standing at 1:7.6 as compared with that of others. This has improved its asset structure and enhanced the circulation of assets. In 2000, the CCB benefited some 4.9 bn yuan through its investment in bond market.
By PD Online staff member Yin Zhili
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