量增价跌,服务实体经济能力进一步提升——2019年票据市场运行回顾与展望

Trading Volume Increases and Interest Rates Decline:The Bill Market Enhances the Ability to Serve the Real Economy---Review and Prospect of the Bill Market in 2019

2019年,票据规模继续扩大,服务实体经济能力进一步增强;票据市场利率持续下行,有效降低实体经济融资成本;票据业务进一步向经济发达地区和高新产业集中,创新产品运行良好。展望2020年,随着票据市场基础设施的不断完善和相关制度的建立健全,票据的功能定位更趋明确,票据市场环境将继续优化,其支持实体经济发展的能力和效率将进一步提升。

In 2019,the bill market continued to grow,and the market’s ability to serve the real economy was further strengthened.The bill market interest rates continued to decline,effectively reducing the financing cost of the real economy.The bill business was further concentrated in economically developed regions and high-tech industries,and the innovative products boosted a healthy development.Looking forward to 2020,with the continuous improvement of the bill market infrastructure and the establishment and perfection of market rules,the function of bills will become clearer.The market environment will continue to be improved,and the ability and efficiency of the bill market to support the development of the real economy will be further enhanced.