You are here

CHINA STOCKS

PBOC draining banks' cash via repos: sources

Friday, May 29, 2015 - 05:50

chinabank290515.jpg
China's central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors, sources with direct knowledge said, signalling policymakers' discomfort with excess liquidity in the financial system.

Shanghai

CHINA'S central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors, sources with direct knowledge said, signalling policymakers' discomfort with excess liquidity in the financial system.

It is an

sentifi.com

Market voices on:

Powered by GET.comGetCom