Page 70 - 期货和衍生品行业监管动态（2022年6月）

期货和衍生品行业监管动态

3. 中国人民银行于 5 月 30 日开展央行票据互换（CBS）操作（2022 年 5 月 30 日）

为提高银行永续债的市场流动性，支持银行发行永续债补充资本，增强金融
服务实体经济的能力，中国人民银行于 2022 年 5 月 30 日开展了央行票据互换

（CBS）操作，操作量 50 亿元，期限 3 个月，费率 0.10%。

本次操作面向公开市场业务一级交易商公开招标，中标机构包括国有大型商

业银行、股份制银行、城商行、农商行、证券公司等各类金融机构。换入债券既

有国有大型商业银行和股份制银行发行的永续债，也有城商行发行的永续债，体

现了对中小银行发行永续债补充资本的支持。

中国人民银行将综合考虑市场状况和合理需求，采用市场化方式稳慎开展

CBS 操作。

3. The People's Bank of China Conducts Central Bank Bills Swap (CBS)

Operation on May 30 (2022/5/30)

In order to improve the liquidity of bank-issued perpetual bonds, support banks

to replenish capital through perpetual bonds issuance and enhance the capacity of

financial services for the real economy, the People's Bank of China (PBC) conducted

Central Bank Bills Swap (CBS) operation on May 30, 2022, with an operation volume

of RMB5 billion, a tenor of 3 months and a rate of 0.10%.

The operation is open to primary dealers of open market operations for

quantity-bidding, and the successful bidders included large state-owned commercial

banks, joint-stock banks, city commercial banks, rural commercial banks, securities

companies and other types of financial institutions. The exchange of bonds into

perpetual bonds issued by both large state-owned commercial banks and joint-stock

banks, as well as perpetual bonds issued by city commercial banks, reflects the

support for small and medium-sized banks to issue perpetual bonds to replenish their

capital.

The People's Bank of China will take into account the market conditions and

reasonable demand, and conduct CBS operations stably and carefully in a

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