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On July 18, Shenzhen Stock Exchange officially raised the upper limit for the declaration of a single bond transaction or bond collateralized repurchase transaction to 1 million. On the same day, Shenzhen Development Bank completed the first transaction on the call auction system of the Exchange through the transaction unit of Ping An Securities Limited. This indicates that a milestone progress has been achieved in the construction of our united and interconnected bond market.
According to the relevant principal of Shenzhen Stock Exchange, the Exchange has conducted various actions to respond to the circular issued by the Central Bank, CBRC and CSRC and improve the exchange bond market practices. The increase of the upper limit for the declaration of a single bond transaction is the system optimization implemented on the basis of the large transaction demand of the institutional investors and the capacity of the Exchange technical systems. It will further increase the bond transaction efficiency of the Exchange, and enhance the attraction of the exchange bond market.
The successful completion of the first bond transaction in Shenzhen market by Shenzhen Development Bank indicates the official return of the commercial banks to the exchange bond market after 13 years of diversion. This will further increase the overall efficiency of our bond market, and is of great significance to increase the fund raising scale and direct fund raising ratio of bonds, enhance the pricing function of bond yields, and facilitate the long-term development of the bond market.
It is reported that Shenzhen Stock Exchange will enable more listed commercial banks to return to the exchange bond market and continue to improve the exchange bond market construction, so as to realize the stable, healthy and quick development of our capital market, and continuously increase the overall efficiency and capacity of the capital market to serve the national economy.
