[central bank] on March 30, in order to maintain the reasonable and abundant liquidity of the banking system, the central bank launched 150 billion yuan seven-day open market reverse repo by means of interest rate bidding, with an interest rate of 2.10%. On the same day, 20 billion yuan of reverse repurchase expired, realizing a net investment of 130 billion yuan.
[central bank] the central bank issued the opinions on financial support and comprehensively promoting the key work of Rural Revitalization in 2022, requiring to strengthen the support of monetary policy tools, further optimize the policy framework of deposit reserve, and continue to strengthen the management of refinancing and rediscount of agricultural and small expenditure. We will guide the financial system to optimize the allocation of resources, make accurate and forward efforts, effectively increase financial support for "agriculture, rural areas and farmers", continue to promote rural revitalization in an all-round way, and provide strong support for stabilizing the macro-economic market.
[finance] on March 30, the main contracts of various varieties of treasury bond futures rose across the board. The ten-year main contract rose by 0.24%; The five-year main contract increased by 0.17%; The main force in the two-year period rose by 0.06%. Yields on major inter-bank interest rate bonds generally fell. The yield of 10-year CDB active bond 220205 decreased by 1.25bp to 3.0225%, and the yield of 10-year Treasury bond 220003 decreased by 1.3bp to 2.772%.
[finance] on March 30, the interest rate in the money market rose and fell, the capital at the end of the quarter was intact, and the overnight interest rate hit a two-month low. The one-day interbank borrowing between banks and depositors was reported at 1.5531%, down 17.88 basis points; The 7-day report was 2.2902%, up 3.37 basis points; The 14 day report was 2.4757%, down 4.69 basis points; The one-month report was 2.5620%, up 1.82 basis points. The one-day varieties of inter bank pledged repo were reported at 1.5033%, down 18.98 basis points; The 7-day report was 2.2284%, up 4.68 basis points; The 14 day report was 2.4573%, up 1.29 basis points; The one-month report was 2.4064%, down 6.59 basis points.
[enterprise] on March 30, most of the yield of credit bonds of various maturities decreased slightly, with a decline of more than 1 basis point for the five-year term, and the transaction volume was nearly 120 billion yuan throughout the day. A total of 1371 inter-bank and exchange credit bonds (corporate bonds, corporate bonds, medium notes, short-term financing and directional instruments) were traded, with a total turnover of 119334 billion yuan. Among them, 550 credit bonds rose, 118 were flat and 649 fell.
[enterprise] on March 30, the Shanghai Branch of the people's Bank of China formulated and issued the guidelines for Shanghai credit policy in 2022, emphasizing that financial institutions should increase financial support for industries facing great difficulties due to the continuous impact of the epidemic, comprehensively use a variety of service methods such as seamless renewal of loans, loan with repayment, credit loans and supply chain finance, and implement facilitation measures such as online processing and application free and enjoy, Effectively alleviate the financing difficulties of relevant market entities. Financial institutions shall not blindly limit loans, withdraw loans, cut off loans and suppress loans, so as to ensure the stable operation of the industrial chain and supply chain.
[residents] on March 30, the number of commercial housing transactions in first tier cities in 30 large and medium-sized cities was + 19% and the area of commercial housing transactions was + 17% compared with the previous day; The number of commercial housing transactions in second tier cities was + 5% compared with the previous day, and the transaction area of commercial housing was + 2% compared with the previous day; The number of commercial housing transactions in the third tier cities was + 116% compared with the previous day, and the transaction area of commercial housing was + 104% compared with the previous day.
Recent focus: Overseas tightening monetary policy more than expected constraints on China's monetary policy
