Central Bank Adds Liquidity in Open Market Operations

The People's Bank of China injected 166 billion yuan into financial markets this week. In its regular open market operations Thursday, the central bank auctioned 10 billion yuan of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3. On Thursday, the central bank also conducted repurchase agreement operations for the first time in almost a month, absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from the previous repurchase operation. Official statistics reveal that the central bank has released a net injection of 166 billion yuan on to the market this week.

Source
China Securities Journal

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