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Article: CHINA'S CENTRAL BANK BUYS US$101.7 BLN OF SPECIAL TREASURY BONDS.
- Article from:
- AsiaPulse News
- Article date:
- December 14, 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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BEIJING, Dec 14 Asia Pulse - The People's Bank of China (PBoC), the central bank, Tuesday announced a decision to buy 750 billion yuan (US$101.7 billion) of the seventh-batch of special treasury bonds (T-bonds) through quantity bidding from the Ministry of Finance (MOF).
This deal would bring the central bank's total holding of special treasury bonds to 1.35 trillion yuan, which would facilitate the central bank to draw back excessive liquidity from the market.
According to MOF's issuance announcement, the term of the special ...