Central Bank May Have Issued 20 Billion Yuan in Special Bills to Banks
Caijing, quoting financial reports from Hong Kong, says that China's central bank may have sold 20 billion yuan worth of special government bills to ICBC, Agricultural Bank of China, China Construction Bank and other state-owned commercial banks in an apparent attempt to tighten liquidity after large banks are said to have issued too many new RMB-denominated loans in August. The People's Bank of China is yet to confirm or deny the reports.
Source
Caijing
http://finance.caijing.com.cn/2011-09-09/110854830.html
Google translation
http://translate.google.com.hk/translate?hl=zh-CN&ie=UTF8&prev=_t&sl=zh-CN&tl=en&u=http://finance.caijing.com.cn/2011-09-09/110854830.html
Caijing, quoting financial reports from Hong Kong, says that China's central bank may have sold 20 billion yuan worth of special government bills to ICBC, Agricultural Bank of China, China Construction Bank and other state-owned commercial banks in an apparent attempt to tighten liquidity after large banks are said to have issued too many new RMB-denominated loans in August. The People's Bank of China is yet to confirm or deny the reports.
Source
Caijing
Google translation
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