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.
October 08, 2023
Abstract : China's central bank conducted 20 billion yuan (about 2.79 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Sunday.
BEIJING, Oct. 8 (Xinhua) -- China's central bank conducted 20 billion yuan (about 2.79 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Sunday.
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's central bank vows stronger support for real economy
【Financial Str. Release】China's central bank adds liquidity via reverse repos
China's central bank adds liquidity via reverse repos
China's central bank adds liquidity via reverse repos
【Financial Str. Release】China's central bank adds liquidity via reverse repos
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
