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Trading news
28 Feb 2020
PBOC conducts CNY 5 billion of CBS operation Friday
According to a CAN editor, China's central bank, the People’s Bank of China (PBOC) said it will start conducting 5-billion-yuan worth of central bank bills swap (CBS) this Friday.
This is the second CBS operation to improve the liquidity of perpetual bonds issued by commercial banks, he added.
Meanwhile, the PBOC kept a neutral position in Open Market Operations (OMO) while skipped reverse repos today.
more to come ...