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Article: PBOC USES SPECIAL TREASURY BONDS TO WITHDRAW CAPITAL FROM MARKET.
- Article from:
- AsiaPulse News
- Article date:
- September 5, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIIJNG, Sept 5 Asia Pulse - China's special treasury bonds were used for open market operation for the first time on September 4, when the People's Bank of China (PBoC), the country's central bank, repurchased 10 billion yuan (US$1.3 billion) of capital from primary dealers with 2007's first batch of special treasury bonds as pledge.
Observers say this marks the start of special treasury bonds to be used to offset excess liquidity ...