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 adds liquidity via reverse repos

December 08, 2023


Abstract : China's central bank conducted 197 billion yuan (about 27.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday.

BEIJING, Dec. 8 (Xinhua) -- China's central bank conducted 197 billion yuan (about 27.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday.

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

Scan the QR code and push it to your mobile phone

Keyword: PBOC reverse repos

Reading:

5th Belt and Road Women's Forum opens in China's Hainan

Belt and Road forum sees signing of agreements to promote cooperation in China-Laos Economic Corridor

China unveils plan to promote high-level institutional opening-up of Shanghai FTZ

China's foreign trade continues to show upward momentum

Forum held in Laos to boost Belt and Road cooperation

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.

Identifying code 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