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Why PBOC Suspends Open Market Operations for Four Consecutive Days?
Sep 5,2017 11:16CST
industry news
Source:SMM
The People's Bank of China (PBOC) has suspended open market operations for four days in a row and withdrew a net 70 billion yuan today.

SHANGHAI, Sept. 5 (SMM) – The People's Bank of China (PBOC) has suspended open market operations for four days in a row and withdrew a net 70 billion yuan today.

China Readies Yuan-Priced Crude Oil Futures Contract Backed by Gold

A total of 70 billion yuan of reverse repos matured on Tuesday. 

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-4)

Current liquidity in banking system is high enough to absorb impact from expiration of reverse repos and other factors, the PBOC explained. 

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