|Published : 20 Mar 2017, 20:59:51|
China central bank renews cash injection into market
BEIJING, Mar 20 (Xinhua): China's central bank renewed its net cash injections via open market operations Monday after suspending the move for 17 trading days.
The People's Bank of China (PBOC) conducted 100 billion yuan (about 14.5 billion US dollars) of reverse repos, a process by which the central bank purchases securities from banks through bidding, with an agreement to sell them back in the future.
The injection saw a net 40 billion yuan pumped into the market Monday, offset by 60 billion yuan in maturing reverse repos.