2018年12月境外人民币市场综述

A Summary of CNH Market Developments in December 2018

2018年11月末,香港、台湾地区和韩国人民币存款余额合计9352.78亿元,较上月增加0.86%。12月份,香港人民币隔夜拆息小幅下降,月末报收1.726%,与上年末基本持平;香港人民币即期汇率月末报收6.869,比上月末微升1.15%,全年累计贬值5.48%。境内外人民币即期汇率CNY和CNH全年平均汇差为102个基点,比去年缩小27个基点。境内外可交割人民币远期汇差收于411个基点,较上月末缩小205个基点;2018年全年境外人民币债券发行规模共计1175.08亿元,为2017年发债规模的2.4倍;香港交易所、新加坡交易所和芝加哥商业交易所的人民币外汇期货成交活跃。

At end-November 2018,the aggregate CNH deposits in Hong Kong,Taiwan and South Korea totaled 935.278 billion yuan,up 0.86%from the previous month.In December,the CNH Hibor O/N fell slightly and closed at 1.726%at the end of the month,basically levelled with that of end-2017;the CNH HK spot rate closed at 6.869 at end-December,up 1.15%from end-November,or 5.48%for the whole year.The yearly average spread between the CNY and CNH spot rates was 102 bps,down 27 bps from last year.The spread between the CNY and CNH deliverable forward rates stood at 411 bps,down 205 bps from end-November.In 2018,the CNH bond issuance totaled 117.508 billion yuan,2.4 times the issuance size in 2017;the CNH FX futures traded actively in the HKEx,SGX and CME.