People's bank of China released an April's financial market summary on Wednesday.  Overall, the market was stable in April.  Debt issuance, mainly medium and short term debt, increased significantly, interbank loans dropped, and stock market ended up higher. 

January-April, interbank debt issuance totaled 919.67 billion yuan, up 38% from last year.  April issuance was 418.82 billion yuan, up 66.6% from March. 

Interbank loan volume was 4.4 trillion yuan in the first 4 months, down 7.8% from last year.  April interbank loan was 1.2 trillion yuan, down 27.7% from March.  Overnight loan accounted for 78.2% of total interbank loans.

Repo transaction in the first 4 months was 21.2 trillion yuan, up 26.9% year-on-year.  April repo transaction was 5.3 trillion yuan, down 23.1% from March.  Overnight repo accounted for 78.5% of the total.

January-April debt trading volume was 14.1 trillion yuan, up 28.95% from last year.  April debt trading was 4 trillion yuan, down 9.2% from March.