Home / Metal News / Precious Metals / China to Drain Massive Money in First Week After National Day Holiday 
China to Drain Massive Money in First Week After National Day Holiday 
Sep 29,2017 13:29CST
industry news
Source:SMM
China’s financial market will come under heavy pressure from money withdrawals in the first week after the 2017 Chinese National Day holiday.

SHANGHAI, Sept. 29 (SMM) – China’s financial market will come under heavy pressure from money withdrawals in the first week after the 2017 Chinese National Day holiday.

The country’s financial market will be closed during Oct. 1-8 for Mid-Autumn Festival and National Day holiday, so maturing of capital will be delayed to Oct. 9.

A staggering 956.65 billion yuan of money from open market, MLF and Interbank negotiable certificates of deposit will mature during Oct. 9-15.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

china liquidity

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis