Central Bank: As of the end of July, the custody balance of overseas institutions in the Chinese bond market was 4.5 trillion yuan.

On August 26th, according to data from the central bank, as of the end of July, the custody balance of foreign institutions in the Chinese bond market was 4.50 trillion yuan, accounting for 2.7% of the total custody balance in the Chinese bond market. Among them, the custody balance of foreign institutions in the interbank bond market was 4.46 trillion yuan; in terms of bond types, foreign institutions held 2.24 trillion yuan in government bonds, accounting for 50.2%, 1.09 trillion yuan in interbank certificates of deposit, accounting for 24.4%, and 0.96 trillion yuan in policy bank bonds, accounting for 21.5%. The full text is as follows: Financial Market Operation in July 2024 I. Bond Market Issuance Situation In July, various types of bonds worth 66,383.9 billion yuan were issued in the bond market. Government bonds worth 9924.9 billion yuan were issued, local government bonds worth 7108.3 billion yuan were issued, financial bonds worth 10004.9 billion yuan were issued, corporate credit bonds worth 13392.9 billion yuan were issued, credit asset-backed securities worth 404.1 billion yuan were issued, and interbank certificates of deposit worth 25046.9 billion yuan were issued. As of the end of July, the custody balance in the bond market was 166.3 trillion yuan. Among them, the custody balance in the interbank market was 145.7 trillion yuan and the exchange market was 20.6 trillion yuan. In terms of bond types, the custody balance of government bonds was 31.3 trillion yuan, local government bond custody balance was 42.6 trillion yuan, financial bond custody balance was 39.6 trillion yuan, corporate credit bond custody balance was 32.6 trillion yuan, credit asset-backed securities custody balance was 1.3 trillion yuan, and interbank certificates of deposit custody balance was 17.7 trillion yuan. The custody balance of commercial bank counter bonds was 845.9 billion yuan. II. Bond Market Operation Situation In July, the trading volume of the interbank bond market spot reached 3.63 trillion yuan, with a daily average of 15773.0 billion yuan, a year-on-year increase of 21.0% and a month-on-month decrease of 9.1%. Transactions with a single transaction volume between 50 million and 500 million accounted for 50.9% of the total transaction amount, while transactions with a single transaction volume of more than 90 million accounted for 43.0% of the total transaction amount, with an average single transaction volume of 42,386.67 million yuan. The spot trading volume of the exchange bond market was 4.1 trillion yuan, with a daily average trading volume of 1782.8 billion yuan. The bond trading volume in the commercial bank counter market was 75,000 and the trading amount was 460.1 billion yuan. III. Foreign Exchange Market Opening Situation As of the end of July, the custody balance of foreign institutions in the Chinese bond market was 4.50 trillion yuan, accounting for 2.7% of the total custody balance in the Chinese bond market. Among them, the custody balance of foreign institutions in the interbank bond market was 4.46 trillion yuan; in terms of bond types, foreign institutions held 2.24 trillion yuan in government bonds, accounting for 50.2%, 1.09 trillion yuan in interbank certificates of deposit, accounting for 24.4%, and 0.96 trillion yuan in policy bank bonds, accounting for 21.5%. (continued)