Transactions in the inter-bank bond market are all transactions of counterparties, that is, financiers.
Participants in the inter-bank bond market reach deals with their selected counterparties one by one through inquiry, which is different from the trading mode of China Shanghai and Shenzhen Stock Exchanges. Like stock trading, the bond trading conducted by the exchange is conducted by many investors competing with each other and through consultation with actuarial institutions.
The Measures for the Administration of Bond Trading in the National Inter-bank Bond Market stipulates that the bonds repurchased in the national inter-bank bond market are book-entry bonds such as government bonds, central bank bonds and financial bonds that can be traded in the national inter-bank bond market with the approval of the People's Bank of China.
Extended data:
China Securities Network News According to the news of the China Banking Regulatory Commission on May 7, in order to enhance the ability of banks and insurance institutions to serve the real economy and effectively prevent and resolve risks, the China Banking Regulatory Commission has studied and formulated the Measures for the Supervision of the Solvency of Insurance Companies-Question Answer No.2: Open Capital Bonds.
The CBRC said that open-end capital bonds issued by investment banks of insurance companies should measure the minimum capital of counterparty's default risk in accordance with the Measures for the Supervision of the Solvency of Insurance Companies No.8-Minimum Capital with Credit Risk.
Among them, the risk exposure is its book value; The basic risk coefficient of policy banks and state-controlled large commercial banks is 0.20, and that of national joint-stock commercial banks is 0.23.
Baidu Encyclopedia-Counterparty Trading
Phoenix. Com- China Banking and Insurance Regulatory Commission: Insurance companies should measure transaction pairs when investing in non-fixed-term capital bonds.