Article: CHINA'S CENTRAL BANK BILL ISSUANCE SYSTEM MATURING.

BEIJING, March 4 Asia Pulse - The system of central bank bill issuance in China has been maturing and the market status of central bank bills has been recognized.

According to a report on open market operations in 2004 released by Peoples Bank of China, the central bank once suffered sluggish bill sale before June 2004. While nowadays it is able to control the issue price and issue volume with facility, since it has taken measures to perfect regulations and stabilize issuance interest rate. With more and more bills being issued, the position of the central bank bills has been greatly consolidated and the central bank bill issuance interest rate is gradually ...

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