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2007年上半年,我国金融市场保持了快速健康的发展势头。货币市场成交量大幅增长,市场利率波动幅度明显;债券市场收益率曲线整体上移,且长端上移幅度明显大于短端;股票市场进入繁荣时期,成交空前活跃,震荡剧烈;人民币升值加速,外汇衍生产品成交继续放大;黄金市场运行平稳,黄金价格窄幅波动;期货市场大部分期货产品价格高位运行,锌期货和菜籽油期货上市后成交活跃。上半年我国金融市场总体流动性依然充裕,各子市场发展仍存在一定程度的不平衡,产品种类和层次尚不够丰富,必须坚持创新和协调并举,推动我国金融市场的可持续发展,进一步发挥金融市场在我国宏观经济体系中的作用。
In the first half of 2007, China’s financial market maintained its rapid and healthy momentum of development. The volume of the money market increased sharply and the market interest rate fluctuated significantly; the yield curve of the bond market shifted upwards overall and the long-end upward shift was obviously larger than that of the short end; the stock market entered the boom period with unprecedented turnover and violent shocks; the appreciation of the Renminbi accelerated, The transactions of foreign exchange derivatives continued to expand; the gold market operated smoothly and the gold price fluctuated within a narrow range; most of the futures products in the futures market were in high positions, and the active transactions of zinc futures and rapeseed oil futures went public. In the first half of the year, the overall liquidity of China’s financial markets is still abundant. There are still some imbalances in the development of various sub-markets and the product categories and levels are not yet rich enough. We must adhere to both innovation and coordination to promote the sustainable development of China’s financial markets and further develop the financial The Role of Market in China’s Macroeconomic System.