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As strong regulatory signals are released, small and medium-sized financial institutions' participation in treasury bond trading has once again been roiled.

Recently, there were rumors in the market that rural commercial banks in Jiangsu Province were notified to prohibit treasury bond trading. China Securities Journal reporters contacted several rural commercial banks in Jiangsu Province to confirm. Among them, Changshu Bank denied the news. In addition, the reporter called Jiangyin Bank and Sunong Bank as an investor, and both banks said that the treasury bond trading business is currently proceeding normally.

Recently, four rural commercial banks in Jiangsu were suspected of manipulating market prices and transferring profits, and the Securities Dealers Association launched a self-discipline investigation into them. Some small and medium-sized financial institutions were also found to have violated regulations in treasury bond trading, such as lending accounts and transferring profits, and were transferred to the central bank by the Securities Dealers Association for administrative penalties.

Rural Commercial Bank responds: Treasury bond transactions are currently normal

"We have not received any notice regarding the ban on treasury bond trading. Generally, business departments will synchronize the information when they receive relevant notices. At present, the business department has not yet further confirmed with them." Suning Bank said.

Recently, the Association of Trading Companies issued articles for two consecutive days directly pointing out the violations of small and medium-sized banks and financial institutions in treasury bond trading, which aroused market concern and the bond market subsequently adjusted in the short term.

The National Association of Trading Companies announced on August 7 that it had recently discovered through monitoring that Changshu Bank, Jiangnan Rural Commercial Bank, Kunshan Rural Commercial Bank and Suning Bank were suspected of manipulating market prices and transferring profits in secondary treasury bond transactions. In accordance with the "Interbank Bond Market Self-Discipline and Punishment Rules", the National Association of Trading Companies has initiated a self-discipline investigation into them.