{"id":2389,"date":"2021-07-01T09:41:32","date_gmt":"2021-07-01T09:41:32","guid":{"rendered":"https:\/\/www.govisachina.com\/?p=2389"},"modified":"2021-07-01T09:42:34","modified_gmt":"2021-07-01T09:42:34","slug":"chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos","status":"publish","type":"post","link":"https:\/\/www.govisachina.com\/zh\/2021\/07\/01\/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos\/","title":{"rendered":"China’s central bank conducts 10 bln yuan of reverse repos"},"content":{"rendered":"

BEIJING, July 1 (Xinhua) — China’s central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system.<\/p>\n\n\n\n

The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People’s Bank of China.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

\"\"
Image by Jason Lam<\/a> from Pixabay<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Source: http:\/\/www.xinhuanet.com\/english\/2021-07\/01\/c_1310037769.htm<\/p>","protected":false},"excerpt":{"rendered":"

BEIJING, July 1 (Xinhua) — China’s central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website […]<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2387,"url":"https:\/\/www.govisachina.com\/zh\/2021\/06\/30\/economic-watch-china-looks-to-deeper-waters-for-wind-power-in-pursuit-of-carbon-neutrality\/","url_meta":{"origin":2389,"position":0},"title":"Economic Watch: China looks to deeper waters for wind power in pursuit of carbon neutrality","author":"Visa China","date":"6\u6708 30, 2021","format":false,"excerpt":"FUZHOU, June 30 (Xinhua) -- As China's push to reach carbon neutrality by 2060 draws increased attention toward wind power, experts say moving wind farms to deeper waters could eliminate some of the challenges to offshore wind power and help expand the fleet of turbines. 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