Last week, the Central Bank discussed with some aggressive Financial Institutions in this round of bond market trends, requiring them to pay attention to interest rate risks, enhance research and investment capabilities, strengthen investment stability, and operate lawfully and compliantly. As a result, Banks' wealth management subsidiaries and Insurance asset management institutions took measures to reduce exposure to long-term national debt risks, ceasing to entrust MMF brokers to buy and sell long-term national debt in the short term, opting instead for direct operations by bond traders and enhancing internal control management.
央行约谈引金融机构加强债券交易内控管理：银行理财子暂停委托货币经纪交易长债 保险资管压降持债久期同时大买长期地方债“替代”
Central Bank's talks prompted Financial Institutions to strengthen internal control management in Bonds Trade: Banks' wealth management subsidiaries suspended entrusting MMF brokers for long-term bonds, while Insurance asset management increased their hol
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