Off the wire
• China-Russia Media Forum kicks off to boost media cooperation  • New cargo train service between China, Belarus opens  • Schalke sign defender Caicara  • Hong Kong stocks close 0.95 pct lower  • Australian crocodile stones hold key to dinosaur past  • Foreign exchange rates in Hong Kong  • Rebel groups declare offensive on Daraa province in southern Syria  • Antarctica rich in lives, species: study  • Trading on Hong Kong Stock Exchange  • Environment activists end day-long protest on New Zealand parliament roof  
You are here: 　 Home

Central bank injects 35 bln into market

Xinhua, June 25, 2015 Adjust font size:

The People's Bank of China, China's central bank, has injected 35 billion yuan (5.7 billion U.S. dollars) into the money market through open market operations, it announced on Thursday.

This is its first cash injection through reverse repurchase agreement (repo) operations in more than two months, with the last conducted on April 16.

The yield for the seven-day reverse repo stood at 2.7 percent, according to the central bank.

The injection came as small and medium-sized banks are seeing increasing demand for short-term capital amid mid-year financial supervision assessment pressure and large-cap stock issuance, the central bank said in a statement via its official account on the Twitter-like Sina Weibo.

The moderate liquidity injection will help stabilize market expectations and development of the monetary market, the statement said. Endi