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 Silk Road Database
Economy

China's central bank drains liquidity from market

November 19, 2020


Abstract : China's central bank drained liquidity from the banking system through open market operations on Thursday.

BEIJING, Nov. 19 (Xinhua) -- China's central bank drained liquidity from the banking system through open market operations on Thursday.

The People's Bank of China injected 70 billion yuan (about 10.7 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 its website.

With 120 billion yuan of reverse repos maturing on the same day, this led to a net liquidity withdrawal of 50 billion yuan from the market.

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: liquidity China's central bank

Reading:

China to accelerate infrastructure inv't with more fiscal spending expected

​Capital city of south China's Hainan unveils measures to boost consumption

The 3rd Shizimen Finance Week commences in S. China's Zhuhai on Tuesday

China's Guangxi Beibu Gulf Port registers rise in cargo throughput

China's largest land port sees record number of China-Europe freight trains

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