Recently, 4 ministries and commissions issue announcement jointly, allow to accord with pilot commercial bank of the condition and the insurance device that have investment government ability, participate in futures of national debt of exchange of Chinese finance futures to trade. In the meantime, 5 big banks catch bank of industrial and commercial bank, agriculture bank, Bank of China, construction, transportation bank first pilot orgnaization shares national debt option market. Orgnaization personage says, this action conduces to contented bank risk be opposite strong demand, increase liquidity of national debt option market.
Conduce to bank risk to rushing
A personage inside banking expresses, become first pilot orgnaization to participate in national debt futures to trade, profit is good these 5 commercial banks. The bank configures a tool with be done not have too good all the time to undertake the risk is opposite strong, the fluidity such as interest rate crossing-over is opposite not beautiful, the liquidity of national debt futures is a lot of better.
Golden firm closes a group to think in, the mandatory data that the debt in the basis publishs, up to in January 2020, the national debt of type of charge to an account of commercial bank hold puts an amount 9.99 trillion yuan, among them the putting of national commercial bank and its branch hold measures dimensions 7.2 trillion yuan (occupy than be as high as 72%) , city commercial firm 1.57 trillion yuan, farming commercial firm 800 billion yuan, foreign capital bank 330 billion yuan. Can see, the bank because dimensions of hold national debt is taller, correspondence also faces risk of bigger wave motion of national debt yield, set keep demand intense. Introduce a bank to participate in national debt futures, can satisfy its to cover the demand that keep to interest rate debt on one hand, on the other hand OK also farther the fluidity of futures of dish of vivid national debt, make its each function can get more effective play.
Canal of financing of law ask gold studies Zhou Yiqin shows a general manager, regard the participation with the mainest market of the bond between the bank as main body, the commercial bank has the very big demand to risk of strong interest rate really, current country commercial bank puts loan competition is intense with each passing day, business of traditional to the commercial bank credit produced bigger impact, income of commercial bank interest is affected, risk of banking interest rate is ceaseless also aggravate. It is OK that the commercial bank uses national debt futures more agile ground is adjusted asset and those who be in debt is long period breach, stabilize credit structure thereby, provide a service for hypostatic economy better. This is the main purpose that shares national debt option market.
Fluidity of futures of activation national debt
When fierce of swallow of leaf of director of institute of smooth big futures accepts Chinese negotiable securities to sign up for a reporter to interview, express, above all, futures of national debt of admittance of bank insurance device is to get used to economic transition to be on guard financial venture and the major move that break firm add to promote money management to develop in order; Next, from the point of abroad experience, interest rate is derived tasting is finance is derived taste market main body, the commercial bank regards bargainor of the biggest risk as main body enter deepness of futures of activation national debt and fluidity, effective promotion option market risk runs function and development space, the competition that is helpful for integrated natural resources of stimulative futures firm and professional service ability and superior bad discard.
Endowment canal Ruan Yi represents China peaceful negotiable security, to national debt option market, discharged commercial bank and insurance device share sense of it may be said of national debt option market directly great. At present the participation of national debt futures main body is given priority to with the orgnaization, and the orgnaization is given priority to with certificate business again, integral participation body amount is limited. Participate in business of the certificate in main body more in order to cover benefit strategy, and product of illicit collect fund, endowment canal is much give priority to with congenial strategy. Because bond is the oldest,the commercial bank that shares principal part did not share the market, bring about put oneself in another's position of national debt futures to measure existence bottleneck, although hold,system capacity also is in the storehouse to increase ceaselessly, but sheer quantity photograph is measured than showing certificate market put oneself in another's position and character appears too puny. Accordingly, after commercial bank and insurance are approved to allow to participate in, body of national debt option market measures hopeful to show geometrical class growth, and the mature effectiveness of national debt option market also will get perfecting further.
Research center of the futures that establish a letter is forecasted, 5 big may bring increment capital into city first billions of yuan. Research center of the futures that establish a letter thinks, unlock bank and insurance device formally to enter town, prospective hopeful increases on the foundation of former dimensions 20% , bring 30 thousand much hand namely nearly 30 billion yuan increment capital. But at present investor enlarge look appears slowgoing driving form, obtain the brings thousands of hand possibly first increment maintaining a warehouse after approving 5 pilot big to enter first, denomination makes an appointment with a few yuan, the fluidity of national debt option market will get bigger promotion. (origin: Chinese negotiable securities signs up for)
