The People's Bank of China (PBOC) conducted 80 billion yuan (about 11.6 billion U.S. dollars) of reverse repos, a process by which the central bank
purchases securities from banks through bidding, with an agreement to sell them
back in the future.
The injection saw a net 70 billion yuan pumped into the market Monday, offset by 10 billion yuan in maturing reverse repos.
The operations included seven-day reverse repos priced to yield 2.45 percent, 14-day contracts with a yield of 2.6
percent Fede
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percent, according to a central bank statement.
In addition, central bank lending worth 234.5 billion yuan into the market via medium-term lending facility (MLF) is set to mature Tuesday.
Analysts said the central bank's intention to keep liquidity stable is clear and Tuesday's operations will help ease the short-term liquidity squeeze.
The central bank announced lending worth 495.5 billion yuan into the market via MLF on Monday. The operation included 128 billion yuan that will mature in
six months and 367.5 billion yuan that will mature in one year, with interest
rates of 3.05 percent and 3.2 percent, respectively.
The MLF tool was first introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using
securities as collateral.
After a 13-day halt, the central bank restarted reverse repo operations on April 13 and made a net cash injection of 70 billion yuan that week.
Statistics show that 190 billion yuan of reverse repo contracts are set to mature this
week Dani
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central bank bills are set to mature.
Researchers with Citic Securities said the market liquidity may remain in tight balance due to stricter regulatory scrutiny and the country's prudent and
neutral monetary policy.
"The monetary policy is unlikely to relax in the short term as regulators will keep an eye on inflating asset bubbles and declining excess reserves," said
Jiang Chao at Haitong Securities.
Adjusted growth of total social financing (TSF), a more comprehensive measure of the speed for credit expansion, decelerated notably to 15.6 percent in March
from 16.4 percent in February.
Money market rates also climbed higher. The weighted average interbank offered rate and pledged repo rate edged up to 2.62 percent and 2.84 percent,
respectively Dani
Carvajal Real Madrid Jersey , in March.
Apart from raising the reverse repo rates in March, the central bank has also stepped up financial deleveraging efforts.
Chinese banks' excess reserves dropped to a historical low in February due to declining foreign reserves, said Jiang, adding the central bank's continuous
cash withdrawal since late March would weigh on market supply.
Li Huiyong, chief economist at Shenwan Hongyuan Securities, remained a little more optimistic and predicted liquidity equilibrium in the near future.
China Cristo Gonzalez Real Madrid Jersey , Vietnam to hold joint fishery inspection
China's first cargo spacecraft Tianzhou-1 to be launched
Beijing-Zhangjiakou high-speed railway under construction
NW China's Dunhuang receives some 1.13 mln tourists in Q1
In pics: scenery of Baiyangdian in Xiongan New Area
In pics: tea garden in central China's Henan
Peach blossoms on terrace fields in Guyuan, NW China's Ningxia
Stewardesses for high-speed train take part in training program in Harbin
Arts > Visual ArtVisit a fine British art gallery WandsworthPosted by johnybfre in Arts on October 29th, 2013
If you are interested in a modern art, but excessively abstract creation is not
exactly your cup of tea, if you want to organize an event in a London gallery,
but your guests are rather conservative, then a contemporary figurative gallery
SW London located is the place you are looking for. In such a gallery, you can
discover some of the most recent British visual artists and even purchase their
works at affordable prices.
Painting and visual arts in general, like any form of art, as a matter of
fact Borja
Mayoral Real Madrid Jersey , have become more and more controversial over
the years. A visit to an art gallery Wandsworth located might be enough to prove
it. Art galleries nowadays host the most various exhibitions, many of which
still seem unusual to an unaccustomed public, as artists seem to be on a
constant run for the original and thus choose to express themselves in
unexpected ways. However, for those who have not yet developed a taste for
Malevich’s “White square on a White Background” or for Duchamp’s “Fountain” and
for the infinite series of more or less similar contemporary works of art, there
are places where you can find representational modern art, which is still
inspired by the real objects. A contemporary figurative gallery SW London
located is such a place.
