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MNI China Daily Summary: Monday, February 05

MNI (BEIJING)
MNI (Beijing)
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POLICY: China’s top securities regulator said it will control the quality of initial public offerings and increase delisting efforts to improve the quality of listed companies and maintain capital-market stability, according to a statement by the China Securities Regulatory Commission on its website Sunday.

LIQUIDITY: The PBOC conducted CNY100 billion via 14-day reverse repo, with the rates unchanged at 1.95%. The reverse repo operation has led to a net drain of CNY400 billion reverse repos after offsetting CNY500 billion maturity today, according to Wind Information.

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POLICY: China’s top securities regulator said it will control the quality of initial public offerings and increase delisting efforts to improve the quality of listed companies and maintain capital-market stability, according to a statement by the China Securities Regulatory Commission on its website Sunday.

LIQUIDITY: The PBOC conducted CNY100 billion via 14-day reverse repo, with the rates unchanged at 1.95%. The reverse repo operation has led to a net drain of CNY400 billion reverse repos after offsetting CNY500 billion maturity today, according to Wind Information.

Keep reading...Show less