(Shanghai Composite Electric) Due to data security considerations, the Chinese regulatory agency suspended the intelligence price service of bond banks this Monday, which seriously impacted the country's bond market with a scale of more than millions of yuan (over 2 billion yuan).However, this decision was revoked after two days of implementation. The dramatic policy U to the transfer was considered to highlight the uncertainty of the Chinese policy again.

Comprehensive Reuters and Bloomberg reported that there were many mainstream software in China that provided real -time offers in bonds on Wednesday (March 15) suspended offer services.The traders were caught off guard and were forced to return to the "group era" more than ten years ago to seek offer prices through various communication platforms.Some traders said that the bond transaction volume plummeted by 60%because it was more difficult to obtain quotation information.

Reuters reports that the Bank of China Insurance Supervision and Administration Commission has suspended the bond quotation services of these software on the grounds of data security.The report did not mention when the Banking Insurance Regulatory Commission proposed to the monetary broker's request to stop providing real -time data for the intelligence price software of the bond bank.

The main function of

Bond quotation software is to collect information provided by the six major currency brokerage companies approved by market customers to the official approval.The mainstream bond quotes on the market include QEUBEE (QB), Wind, Deal Matrix, and Ideal.Among them, QB has the highest market share.

At least three bond quotation software has resumed offer services on Friday (March 17).According to Caixin.com, the Central Bank of China and the China Banking Regulatory Commission on Thursday (March 16) and some monetary brokerage companies and banks discussed the policy influence and decided to terminate the ban.

However, the QB of the financial information service provider Sumscope has not restored the offer service on Friday.The company said that it has not received a notice on restoring the quotation data of bonds.

According to the Economic Observation Network, a bond information price software intermediary revealed that QB may not be able to display bond quotes due to suspected data monopoly.He said the company mainly made a profit through cooperation with monetary brokers.

The reason for the supply of interrupt data

The official did not explain the reason for the sudden interruption and recovery of the data supply.China has just announced a new round of reforms on the financial regulatory system and tightened control over financial, technology and data security.

Among them, China Banking Regulatory Supervision will revoke, and a new State Financial Supervision and Administration Administration will be established on it.

Natixis Chief Economist Elero said: "The predictability of the Chinese market's policy becomes lower and lower.Let them be in an unfavorable position. "