·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > Economy & Business > Finace News
 
China's central bank continues to inject liquidity into money market
 
Date:2018-06-12  Source:Xinhua
 China's central bank continued to inject funds into the financial system through open market operations on Wednesday to offset liquidity pressure.

The People's Bank of China pumped 130 billion yuan (about 20.3 billion U.S. dollars) into the market through reverse repos, with 60 billion yuan of contracts maturing, leading to a net injection of 70 billion yuan. This followed a net injection of 30 billion yuan on Tuesday.

A reverse repo is a process by which the central bank bids and buys securities from commercial banks, with an agreement to sell them back in the future.

Analysts believe the moves were made to stabilize market expectations as banks' liquidity demand could increase due to taxes and required reserves as well as more maturing securities.

On Wednesday, the bank conducted 60 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent, 40 billion yuan of 14-day reverse repos at 2.7 percent, and 30 billion yuan of 28-day reverse repos at 2.85 percent. All rates were unchanged from previous operations.

China has decided to maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention. 

   Print   To Top    Close  
0

Related Articles

Chinese researchers develop online database for dog research
Chinese universities perform well in global rankings for computer science, en...
Fossilized baby dinosaurs reveal cause of mysterious death
China develops AI radar for underground space detection in cities
Bulk of southern China was under sea about 400 mln years ago
Chinese medical device manufacturers display core technologies in U.S.
Chinese drone company to establish 1st European research center in France
China opens astronomical science popularizing base in Qinghai-Tibet Plateau
Chinese science union speaks out against unethical biotech applications
Shanghai and Baidu to cooperate on AI development
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280