Free Trial

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI (Singapore)
(MNI)Beijing
True

Hundreds of billions of yuan worth of treasury bonds are available for the People’s Bank of China to borrow from financial institutions, according to Financial News, a paper run by the central bank on Friday.

The PBOC has signed agreements and will borrow the medium- to long-term bonds using an open-ended, credit-based method. “(The Bank) will continue to borrow and sell treasury bonds based on market conditions,” the report said.

Keep reading...Show less
140 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Hundreds of billions of yuan worth of treasury bonds are available for the People’s Bank of China to borrow from financial institutions, according to Financial News, a paper run by the central bank on Friday.

The PBOC has signed agreements and will borrow the medium- to long-term bonds using an open-ended, credit-based method. “(The Bank) will continue to borrow and sell treasury bonds based on market conditions,” the report said.

Keep reading...Show less