Free Trial

The PBOC's move to launch Central.......>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC's move to launch Central Bank Bills Swap(CBS) scheme is
not a Chinese version of QE, as banks cannot automatically obtain base money
from the PBOC with the central bank bills, Wallstreet CN reported  late Monday
citing Sun Guofeng, director of the PBOC's Monetary Policy Committee.
- The PBOC aims to support the liquidity of banks' perpetual bonds with CBBS,
but it will not take credit risks, which will still be borne by banks and they
cannot use this tool to move assets off their balance sheets, Sun said,
according to Wallstreet CN.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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.