PBOC boosts liq­uid­ity as IPOs re­sume

China Daily (Canada) - - BUSINESS -

The Peo­ple’s Bank of China, the cen­tral bank stepped up cash in­jec­tions via open mar­ket oper­a­tions on Tues­day, in the form of auc­tion of 50 bil­lion yuan ($7.8 bil­lion) of seven-day re­verse-re­pur­chase agree­ments, as re­sump­tion of new­share sales drove de­mand for funds. Last week, the PBOC auc­tioned 30 bil­lion yuan of the same in­stru­ments. Twenty-eight ini­tial pub­lic of­fer­ings, in­clud­ing 10 this week, will lock up 3.4 tril­lion yuan of funds, ac­cord­ing to a Bloomberg sur­vey. onMon­day. The train is equipped with high-tech sys­tems like pneu­matic cushioning, air con­di­tion­ing, smart door-locks, fully equipped bath­rooms and LED light­ing. It de­parted from the Buenos Aires the rail­way sta­tion on a longdis­tance route. “With this ser­vice, all of the long-dis­tance routes now have new(China-made) trains with all the se­cu­rity and com­fort,” said Ar­gen­tine trans­port min­is­ter Floren­cio Ran­dazzo.

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