In the primary market, the supply of bonds decreased dramatically as the issuance amount has already achieved 87% of the full-year target. Particularly, 5Y bonds have completed nearly 100% of the 2016 plan, which will result in an expected sharp decline in the supply of this tenor in upcoming months despite strong demand for 5Y bonds in the short term. 7Y G-bonds continued to prove attractive to investors with a higher winning rate.