Feb 22 - PBOC Suspends Open Market Operations

Source: National Business Daily, ChinaScope Financial (Data)

+       Shanghai interbank offered rates (SHIBOR) have rebounded following the reserve ratio cut by the People’s Bank of China (PBOC) last Saturday, reflecting still tight liquidity condition in the market.

+       Last week, CNY 7 billion worth of repo agreements matured on the open market, and the central bank issued new repo agreements on Tuesday and Thursday to withdraw CNY 16 billion. A total of CNY 9 billion were withdrawn from the market last week. However, only CNY 2 billion in central bills will mature this week, with CNY 20 million due.

+       Related Data: SHIBOR, Interbank Lending, Pledged Repo, Open Market Operation

Overnight interbank rates rebounded quickly, reflecting tight liquidity condition in the market after Chinese New Year.

Other News Headlines:

n PBOC Suspends Open Market Operations

n Ministry of Railways Issues CNY 15 Billion of Medium-Term Notes Today

n 2012 Land Supply for Residential Purposes Only Half of that in Last Year

n Passenger Traffic in Air Routes to HK, Macau and Taiwan Grew Rapidly in Jan.

n China’s Steel Industry Enters Slow Growth Period

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