English > Finance > Finance-newsbrief>Liquidity Ample Despite Central Bank Draining Operations

Liquidity Ample Despite Central Bank Draining Operations

11-13 12:46 Caijing

» There is still sufficient liquidity in China's banking system despite the central bank conducting a net drain of funds for five consecutive weeks after the week-long National Day holiday, analysts told Caijing on Thursday.
» The People's Bank of China mopped up 81 billion yuan (US$ 11.86 billion) via regular open market operations this week, sustaining a policy reversal after it boosted funds for six straight weeks before the holiday, according to Wind Info, which tracks China's capital market.
» Banks have ample funds to trade in the bond market due to reduced lending, and the period of rapid credit growth has passed, an analyst with Shenyin & Wangguo Securities said.
From wires
Please contact Caijing Magazine for any inquiries. Reproduction in whole or in part without Caijing's permission is prohibited.
[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备11010502005607号
Copyright by Caijing. All Rights Reserved