Trader Association holds a meeting to promote the development of the floating interest rate bond market.

On January 16, 2025, the Bank of China Interbank Market Traders Association organized a meeting to promote the development of the floating interest rate bond market. Participating institutions believed that it was the right time to promote the development of the floating interest rate bond market. Currently, China's economy is recovering and the overall operation of the bond market is stable. In conjunction with the current market risk prevention and development tasks, it is necessary to further enrich the bond market with "incremental" tools. Floating rate bonds can provide a diverse choice for interest rate risk management in the bond market and also serve as a "blue ocean" for the development of China's bond market. They can also play a positive role in improving China's interest rate regulation system. The participants actively discussed the challenges in the objective development of the floating interest rate bond market and provided suggestions on strengthening product supply, improving valuation pricing, enhancing regulatory guidance, and increasing publicity and promotion. The participants believed that the convening of the meeting was necessary and timely. The recent exploration and promotion of the issuance of floating rate debt financing tools by the Trading Association effectively increased market attention and participation. The participants expressed their commitment to implementing the central policy spirit and relevant deployments, actively participating in expanding the business of the floating interest rate bond market, continuously promoting the institutional construction of the floating interest rate bond market, optimizing the valuation pricing and market-making trading mechanism of floating interest rate bonds, and improving the convenience of infrastructure services. In the next step, the Trading Association will continue to earnestly implement the policy spirit of the central government on the development of the bond market, organize market members under the correct guidance of the People's Bank of China to promote the development of the floating interest rate bond market, implement financial sector tasks, and demonstrate the responsibility of the interbank market in helping the construction of a Chinese-style modernization. This article is sourced from the official website of the Bank of China Interbank Market Traders Association, GMTEight Editor: Liu Xuan.