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China's financial markets trade actively in 1st two months

(Xinhua)
Updated: 2007-04-02 09:28

China's financial markets saw steady but active trading in the first two months of 2007, a report released by the country's central bank said on Friday.

Bond circulation rose by 4.9 percent over the same period of 2006 and 962 billion yuan worth of bonds were issued on the inter-bank bonds market, according to the People's Bank of China (PBOC) report.

The total comprised 857 billion yuan (US$111 billion) of central bank bills, 50 billion yuan of policy bank financial bonds, 30 billion yuan of book-entry treasury bonds and 25 billion yuan of enterprise short-term finance bills.

Transaction volume on the China inter-bank credit market totaled 586 billion yuan in the period, up 149 percent year on year.

The repo market was also active and treasury bond repurchases totaled 4,810 billion yuan, up 78 percent year on year, PBOC said.