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Central bank drains 25 bln yuan via bills
(Asia Pulse)
Updated: 2005-12-01 18:35
The People's Bank of China, the country's central bank, said on Thursday it had entered into the following open-market operations:
The central bank conducts open-market operations with banks, insurers, brokerages and rural credit cooperatives on China's national interbank market in Shanghai.
The central bank typically issues one-year bills each Tuesday and three-month bills each Thursday. Bills of other maturities will be sold as and when necessary, it has said.
It can conduct reverse repos on Tuesdays and Thursdays.
For information on reference rates for central bank bills, treasury bonds and sovereign bonds, please click on . ($1=8.0800 yuan)
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