BEIJING, March 31 (Xinhua) -- The liquidity on China's interbank bond market improved remarkably last year thanks to optimization in market mechanism and market-making services, reported Xinhua Finance, a financial information platform run by Xinhua News Agency.
Data released by China Foreign Exchange Trade System (CFETS) Monday showed that the turnover of the interbank bond market amounted to 21.8 trillion yuan in 2019, up 42 percent year on year.
Last year, turnover ratio of bonds issued by government-backed issuers mainly including Treasury bond, local government bond, policy bank bond and central bank bill and note, reached 4.02.
For bonds issued by foreign institutional issuers, the turnover grew 66 percent year on year to five trillion yuan last year, which accounted for 1.2 percent of the total annual turnover of China's interbank bond market.
In future, CFETS, who offers market data service for interbank market members, vendors, media and other customers, vowed that it will continue to push for development and opening up of China's interbank bond market. (Edited by Duan Jing, duanjing@xinhua.org)
A single purchase
