Related News
PBOC Injects Funds
Print Edition
CHINA’S central bank yesterday injected funds into the banking system via open market operations to ease a liquidity strain.
The People’s Bank of China conducted 100 billion yuan (US$15.9 billion) of seven-day reverse repos, 30 billion yuan of 28-day reverse repos and 20 billion yuan of 63-day reverse repos, pumping a total of 150 billion yuan into the market.
A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
The PBOC said the move aims to offset factors such as the lenders’ payment of required reserves.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
