CHINAEUROPE AFRICAASIA 中文双语Français
Business\Markets

Central bank continues to inject money into market

Xinhua | Updated: 2017-03-21 14:25

BEIJING - China's central bank continued its net cash injections via open market operations on Tuesday.

The People's Bank of China (PBOC) conducted 80 billion yuan ($11.6 billion) of reverse repos, a process by which the central bank purchases securities from banks through bidding, with an agreement to sell them back in the future.

The injection saw a net 30 billion yuan pumped into the market Tuesday, offset by 50 billion yuan in maturing reverse repos.

The operations included seven-day reverse repos priced to yield 2.45 percent, 14-day contracts with a yield of 2.6 percent, and 28-day agreements with a yield of 2.75 percent, according to a central bank statement.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US