Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Economy

China's central bank injects 150 bln yuan into market

August 13, 2020


Abstract : China's central bank Thursday pumped cash into the banking system via reverse repos to maintain liquidity.

BEIJING, Aug. 13 (Xinhua) -- China's central bank Thursday pumped cash into the banking system via reverse repos to maintain liquidity.

The People's Bank of China injected 150 billion yuan (about 21.6 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank.

As no reverse repos matured on Thursday, the central bank injected a net 150 billion yuan into the banking system, a new high since July 17.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China pursues a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report. Enditem

Scan the QR code and push it to your mobile phone

Keyword: central bank market liquidity

Reading:

China approves establishment of Hainan's first bonded logistics center

China to accelerate high-quality dev. of national high-tech zones

Zambia applauds China's support for development projects

Guangzhou's exhibition industry recovers from COVID-19

China's Fujian to hold int'l investment, trade fair

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial