The overnight Shibor dropped by 22.3 bp to 1.4030%，7-day rose by 4 bp to 2.3080%，14-day down 1.90 bp to 2.1150%, 1-month fell by 1.2 bp to 2.3590%.

21 Feb, the export-import bank of China will invite tender to issue the first phase of 2020 anti-epidemic financial bonds with a maturity of one year and a scale of no more than RMB 3 bln.

The yields on 10-year bond ‘190215’ issued by China Development Bank was up 0.75 bp at 3.29%.

T-bond futures opened lower with 10-year and 5-year contracts down 0.08% and 0.02%, respectively.

The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.30%, and the weighted average price of the previous day at 1.6037%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.40%，and the weighted average price of previous day was 2.1150%.

PBoC says the banking system’s liquidity is at reasonably level，it will not carry out reverse repo, and no reverse repo will come due today.

This month’s 1-year LPR registered at 4.05% (previous rate was 4.15%) and the 5-years LPR at 4.75% (previously was 4.80%).

14-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) rose 5 bp to 2.55%.

Today SSE T-bond index opened slightly higher, up 0.01% at 178.78 bp.

Today 241 new bonds to be listed for trading, 64 new bonds put up for tender.

There will be 37 ‘against disease bonds’ to be issued on China's onshore bond market in two weeks, with a planned issuance scale of RMB 30.32 bln.

The overnight Shibor rose by 12.3 bp to 1.6260%，7-day dropped by 2.50 bp to 2.2680%，14-day up 1.70 bp to 2.1340%, 1-month fell by 1.6 bp to 2.3710%.

Peking University Founder was applied by Beijing bank reorganization, Six of its listed companies issued a joint announcement, RMB 2 bln rolled over debt this Friday.

7-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) up 12 bp to 2.59%. Today SSE T-bond index opened slightly higher, up 0.01% at 178.79 bp.

PBoC says the bank system’s liquidity is at reasonably level，it will not carry out reverse repo and no reverse repo will mature today.

T-bond futures opened lower with 10-year contracts down by 0.01% and 5-year contracts down by 0.01%.

The yields on the newly printed 10-year CBD bond ‘190215’ was up 0.25 bp at 3.2675%.

Today 214 new bonds to be listed for trading, 51 new bonds put up for tender.

Insurance Asset Management Association of China （IAMAC） disclosed that the registration of the first two investment plans for the claims of insurance funds against disease insurance was completed. Both products were invested in Hubei, the main battlefield of Novel Coronavirus Pneumonia （NCP）, providing financial support for local enterprises fighting the epidemic.

The yields on the newly printed 10-year CBD bond ‘190015’ was down 1.5 bp at 2.87%.

SAIC-GM-Finance obtained a financial bond of RMB 8 bln from a wholesale bank with a maturity of 5 years. SAIC-GM-Finance has issued a total of nearly RMB 30 bln in financial bonds, ranking first in the auto finance industry.

PBoC says the bank system’s liquidity is at reasonably level，it will not carry out reverse repo and RMB 220 bln of reverse repo will mature today.

The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.30%, and the weighted average price of the previous day at 1.4177%. The opening price of the 7-day inter-bank pledge-style repo (DR007) priced at 2.40%，and the weighted average price of previous day was 2.1094%.

Today SSE T-bond index opened slightly higher, up 0.01% at 179.20 bp.

14-day pledge-style T-bond on the Shanghai Stock Exchange (SSE) dropped 0.5 bp to 2.60%.

China Development Bank's （CDB）3-year and 7-year fixed-income bond issuance yields were 2.5812% and 3.1634%, the market multiples were 3.39 and 3.52, and the marginal multiples were 2.55 and 3.68，respectively.

T-bond futures opened higher with 10-year contracts up by 0.10% and 5-year contracts up by 0.04%.

Today 214 new bonds to be listed for trading, 51 new bonds put up for tender.

Since Feb, the issuance of NCD(negotiable certificate of deposit) has rebounded rapidly, with the issuance of RMB 816.47 bln in only half a month, exceeding the total issuance in Jan.

Since 6 Feb, 16 real estate companies have raised a total of RMB 55.5 bln from domestic and abroad market, including $ 2.9 bln.