男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

China's central bank conducts first CBS

Xinhua | Updated: 2019-02-20 13:08
Share
Share - WeChat
The People's Bank of China headquarters in Beijing, Aug 3, 2018. [Photo/VCG]

BEIJING - The People's Bank of China (PBOC) on Wednesday conducted the first central bank bills swap (CBS) operation to support the issuance of perpetual bonds by commercial banks.

The CBS, valued at 1.5 billion yuan (around $222 million), are open to primary dealers at a fixed rate at 0.25 percent, according to a PBOC statement. The swap will be due on Feb 20, 2020.

The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will effectively boost market demand of perpetual bonds.

"CBS is not quantitative easing because it neither increases nor decreases in the monetary base," the statement said.

The PBOC predicts that CBS will have a neutral impact on liquidity in the banking system.

"Besides, the ownership of the perpetual bonds still belongs to primary dealers, which means primary dealers will shoulder credit risks," the statement said.

Perpetual bonds are fixed-income securities with no maturity date and are not redeemable but pay a steady stream of interests forever. The tool is often used to replenish capital for commercial banks, so they have better financing capability to support the real economy.

In January, the Bank of China issued the first-ever perpetual bonds by a Chinese bank, which were oversubscribed by investors including domestic insurance companies, securities firms, and some foreign institutions.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 田阳县| 台南县| 阜南县| 新闻| 开阳县| 刚察县| 湖口县| 玉龙| 屯昌县| 韶关市| 桑日县| 长宁区| 青冈县| 西乌珠穆沁旗| 承德市| 钟祥市| 长岛县| 黄骅市| 昌都县| 梅州市| 汕头市| 潢川县| 遂川县| 望江县| 介休市| 图木舒克市| 株洲市| 洞头县| 女性| 大埔区| 德昌县| 新建县| 绥德县| 临桂县| 漠河县| 沿河| 上思县| 锡林浩特市| 江城| 蓬莱市| 湾仔区|