China central bank to skip open market operations today
Add BT as a preferred source
[BEIJING] China's central bank said it would skip reverse bond repurchase agreements (reverse repos) operations on Saturday, citing "appropriate liquidity with a loosening bias" in the banking system.
The People's Bank of China (PBOC) drained a net of 30 billion yuan from the market via reverse repos for the week compared with a net injection of 160 billion yuan a week earlier.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
EU and Asean at 50: time for bold action
