Source: Xinhua

China’s financial markets traded actively in the first five months of 2007, according to a report released by the People’s Bank of China (PBoC) on Tuesday.

Bond circulation rose by 28.13 percent over the same period of 2006 and 3,124 billion yuan worth of bonds were issued on the inter-bank bonds market, said the report.

The total included 210 billion yuan of book-entry treasury bonds, 2,424 billion yuan of central bank bills, 382 billion yuan of financial bonds issued by policy banks and commercial banks and 107 billion yuan of enterprise short-term finance bills.

Transaction volume on the China inter-bank lending market totaled 2,272 billion yuan in the period, up 306 percent year on year.

The repo market was also active from January to May and treasury bond repurchases totaled 14.92 trillion yuan, up 62.5 percent year on year, the PBoC said.

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