·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  

Related Articles

Delivery robots hit the road in Beijing
China's cosmic ray observatory to start in 2019
SCO leaders voice expectations of future cooperation
Hong Kong scientists invent novel method for stem cell cultivation
China pioneers ceramic 3D printing in microgravity
Chinese scientists monitor global wheat pests and diseases
Chinese researchers identify new neurological disease gene
Stem cell therapy may help cure Parkinson's disease
China working on drones to assist firefighters
China's first accelerator-based BNCT facility to be used in 2019
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