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.
August 24, 2023
Abstract : China's central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
BEIJING, Aug. 24 (Xinhua) -- China's central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.
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.
Keyword: PBOC reverse repos
Reading:
China-Central Asia natural gas pipeline fostering a shared future
China to implement demonstration projects featuring green, low-carbon technologies
China's central bank conducts 111-bln-yuan reverse repos
China's general public budget revenue up 11.5 pct in first seven months
ASEAN, China to strengthen electronic trading to reduce digital gap in Southeast Asia
Most Read
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.
If you have any questions, please enter them in the box below.
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.
A single purchase
