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.
November 14, 2023
Abstract : China's central bank conducted 424 billion yuan (about 59.08 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.
BEIJING, Nov. 14 (Xinhua) -- China's central bank conducted 424 billion yuan (about 59.08 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.
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: liquidity China's central bank reverse repos
Reading:
Xinhua Headlines: Heavyweight policy boost for China's private economy
China Focus: China launches ultra-high-speed next-generation Internet backbone
Economic Watch: Digitalization breathes new life into China's cultural, tourism industries
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
