PBOC boosts liquidity as IPOs resume
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.