China bond market daily headlines.

Apr

1, 2016 (China Knowledge) Co Yesterday, the settlement of cash bonds and bond lending down 15.92 % and 42.32% from

its previous trading day to RMB 248.76 billion and RMB 8.54 billion,

respectively, according to China Central Depository & Clearing Co., Ltd.

The benchmark weighted-average overnight repo

rate up 9.5 bps to 2.149 %, and the 14-day

repo up 36.3 bps to 2.759%.

The

central parity rate of the USD against the RMB down 27 pips to 6.4585 today at

09:15 BJT.

The

Shanghai Composite Index up 3.27 points, or 0.11%, to 3,003.92 yesterday, and

the Shenzhen Component Index up 9.68 points, or 0.09%, to 10,455.37. The GEM

Index down 10.49 points, or 0.47%, to 2,238.29.

Today's Headlines

A[cedilla]

China's official PMI, a major indicator of the strength of the country's

manufacturing sector, stands at 50.2 in Mar 2015, up 1.2 points from a month

earlier, according to figures released by the National Bureau of Statistics

(NBS).

A[cedilla]

China's non-manufacturing PMI, a major indicator of the strength of the

country's non-manufacturing sector, stood at 53.8 in Mar this year, up 1.1

percentage points from a month earlier, according to figures released by the

NBS.

A[cedilla]

As of 30 Mar 2016, the State Administration of Foreign Affairs (SAFE)

had approved Qualified Foreign Institutional Investor (QFII) quota of US$ 80.95

billion, RMB Qualified Foreign Institutional Investor (RQFII) quota of RMB

471.43 billion and Qualified Domestic Institutional Investor (QDII) quota of

US$ 89.99 billion.

A[cedilla]

According to the SAFE, as of end-2015, China has a liability ratio of

13%, foreign debt ratio of 58%, debt servicing ratio of 5% and the short-term

external debt to exchange reserve ratio was 28%. In comparison, at the end of

2014, China had a liability ratio of 8.64%, foreign debt ratio of 35.19%, debt

servicing ratio of 1.91% and the short-term external debt to exchange reserve

ratio of 17.78%.

A[cedilla]

In 2015, China's current account reached US$ 330.6 billion, including

US$ 567 billion trade surplus in goods, US$ 182.4 billion trade deficit in

services, and there was a capital and financial account deficit of US$ 142.4

billion. In the fourth quarter alone, China's current account reached US$ 91.9

billion and a capital and financial account deficit of US$ 50.6 billion, said

the SAFE.

A[cedilla]

The latest statistic from the SAFE shows that China's foreign debt

amounted to US$ 1,416.2 billion as of end-2015.

A[cedilla]

The PBoC conducted...