China Forex (English)

News Express


The People's Bank of China conducted a central bank bills swap operation on August 27 aimed at improving the liquidity of bank-issued perpetual bonds and supporting banks in replenishi­ng capital. The swap operation, which was also designed to better serve the real economy, involved 5 billion yuan of three-months bills carrying interest of 0.10%. The debt swapped with the central bank included perpetual bonds issued not only by large state-owned commercial banks and jointstock commercial banks, but also by urban commercial banks.

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