OREANDA-NEWS. June 15, 2011. China Government Securities Depository Trust & Clearing Co. Ltd. ("CDC") began to compile ChinaBond yield curve in 1999, which has become the datum curve of the interbank market after nearly 10 years of development. It provides the regulatory authority, bond issuers, investors and intermediary service agencies with the reasonable yield level of the bonds currently on the market and functions as reference for them in formulating relevant policies and providing services. In the development course of the interbank market, the yield curve shows more and more its vital and irreplaceable role.

Since it became a “Specially Invited Member of ChinaBond Yield Curve and Bond Evaluation” of CDC on June 10, 2006, China Guangfa Bank (CGB) has attached great importance to and enthusiastically participated in the building of the yield curve of the interbank bond market and the reporting and submission of bond evaluations. Every day, CGB traders will closely watch market conditions and analyze the information of the day, including major financial and currency policies, bond issuing, fluctuations in the interest rate of the currency market (SHIBOR, REPO), bilateral quotations and transaction settlement price to make professional judgment on the yield changes and abnormal prices of the day for weeding out and formation of daily record, which is fed back promptly to CDC through bond evaluation as member data to be used in its compilation of the yield curve. These meticulous and professional efforts have been fully recognized by CDC. On the list of 2008 outstanding ChinaBond evaluation members, CGB ranked the 6th in the 47 market members, the 1st in terms of the number of quotation days and among the best of the joint-stock commercial banks taking part in the quotations. The key date point evaluation of bond yield curve that CGB persists in issuing has provided important reference basis for the pricing of the bond market and made important contributions to establishing a fair yield curve on the interbank bond market.

In 2009, CGB will carry on its prolonged transaction style and philosophy characterized by preciseness, realistic approach and pursuit of greater perfection, make every effort to achieve new breakthrough in the quoted curve index and the accuracy of evaluation points, and make its due contributions to the long-term progress of the interbank bond market of China