PBoC to Return RMB 470b to Markets Ahead of New Year
The People's Bank of China will not issue securities as part of its regular open market operations for the second week in a row, according to a notice posted on its website on January 24.
Government paper worth a total of RMB 170 billion is scheduled to mature this week, China Business News reported January 25.
The central bank will sell more than RMB 300 billion in reverse repurchase agreements on January 25 in order to ease market liquidity, 21 Business Century reported citing unnamed sources January 25.
The central bank cancelled its regular open market securities auctions last week and issued RMB 50 billion in reverse repos as part of efforts to give capital markets a boost ahead of the Chinese New Year holiday.
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