Business Trading

China’s Central Bank conducts reverse repos Wednesday

emadminComments Off on China’s Central Bank conducts reverse repos Wednesday

BEIJING: China’s Central Bank conducted 369.2 billion yuan (about 51.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said as quoted by state news agency Xinhua.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Source : Emirates News Agency

emadmin

Related Articles
Business Trading

Real Estate Trading Volume Exceeds QR 266 Million

emadmin

The volume of real estate trading in sale contracts registered in the Real Estate Registration Department at the Ministry of Justice during the period from May 21 to 25, 2023 reached QR 266,634,542.The weekly bulletin issued by the Department shows tha…
Business Trading

Ukraine War Pushing Food Prices Even Higher

emadmin

The world is feeling the effects of the war in Ukraine from the gas pump all the way to the dinner table.Food prices are climbing just about everywhere, raising the risk of civil unrest, especially in countries dependent on imported wheat from Russia a…
Business Trading

Future Investment Initiative Institute Holds Tomorrow Press Conference to Introduce Fifth Edition of FII

emadmin

Riyadh, The Saudi Press Agency (SPA) will host tomorrow a press conference to introduce the program of the Fifth Future Investment Initiative (FII).The conference, which will be held at SPA Convention Center, will see the participation of the FII Insti…