On January 28, the Department of Debt Management under the Ministry of Finance released the 2025 rankings for spot trading volume of book-entry government bonds, covering the overall underwriting syndicate, bank members, non-bank members, and over-the-counter transactions. The overall ranking for the book-entry government bond underwriting syndicate revealed that Ping An Bank Co.,Ltd., CITIC Securities, and Orient Securities secured the top three positions.
In the category-specific ranking for bank members within the 2025 book-entry government bond underwriting syndicate, Ping An Bank Co.,Ltd., Shanghai Pudong Development Bank, and Bank of Communications emerged as the top three performers.
Regarding the 2025 over-the-counter trading volume ranking for book-entry government bonds, Agricultural Bank of China, Shanghai Pudong Development Bank, and Bank of China ranked in the top three.
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