2003年末和2004年上半年以来,由于石油和初级产品价格的上升所带来的利率上调的预期,国债价格全面下挫,这是中国银行业由于持有国债头寸所带来的国债风险的首次凸显。伴随着2004年10月30日中国人民银行的加息举措,国债风险,这一中国银行业所面临的独有金融风险已经成为人们关注 Since the end of 2003 and the first half of 2004, the national bond prices have plummeted due to the expectation of the interest rate hike brought by the rising prices of oil and primary products, which is the first time that the Chinese banking industry risks its national debt due to the holding of national debt positions . With the People’s Bank of China raising interest rates and the national debt risk on October 30, 2004, the unique financial risk facing the Chinese banking sector has become a concern