www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Money

China's central bank pumps less liquidity into market

(Xinhua)
Updated: 2011-05-05 16:59
Large Medium Small

BEIJING -- The People's Bank of China (PBOC), the central bank, scaled back its efforts to pump liquidity into money market this week, as funds continued to pour into China betting on the appreciation of its currency.

With the sales of 6 billion yuan ($923 million) of three-month bills to commercial banks on Thursday, the PBOC completed its open market operations this week, realizing a net injection of 26 billion yuan of liquidity into the banking system after offsetting bills and repurchase agreements worth 117 billion yuan that had matured.

It was the PBOC's third straight week of net injection, but this week's 26 billion yuan was sharply down from nearly 300 billion yuan last week due to the strong demand for cash during the May Day holiday.

Despite three consecutive weeks of net liquidity injections, analysts said the PBOC's tight monetary policy would not change in the medium term and the current macro control policy will continue as liquidity remains ample in the market.

Related readings:
China's central bank pumps less liquidity into market PBOC to expand cross-border RMB settlement plan
China's central bank pumps less liquidity into market PBOC may drain more capital from financial system
China's central bank pumps less liquidity into market PBOC governor says?foreign reserves excessive
China's central bank pumps less liquidity into market China still has space to tighten monetary policy further

"New loans may jump to 750 billion yuan in April, while the amount of bills and repurchase agreements that mature in May and June will both exceed 500 billion yuan, respectively, all these factors continue to weigh on the PBOC to keep its policy tight," said Tang Jianwei, a macroeconomic analyst with the Bank of Communications.

The inflow of funds from overseas has also increased the market's liquidity, according to different figures by Chinese government departments.

China reported a trade deficit of $700 million in the first quarter and received $30.34 billion of foreign direct investment (FDI) in January-March.

However, China's foreign exchange reserves, which are made up by its current account surpluses, FDI and funds flowing in the country, rose by nearly $200 billion in the first quarter.

"This indicates that a large amount of short-term international capital is flowing into China, thus adding to the pressure of the already excessive liquidity domestically," said Zhang Ming, a deputy research fellow with World Economy Institute of the Chinese Academy of Social Sciences.

PBOC statistics show the funds outstanding for foreign exchange totaled 400 billion yuan in March, boosted by a strengthening Chinese currency.

The Chinese currency, or the yuan, rose by more than 0.8 percent in April against the US dollar, and the central parity touched a historic high of 6.499 per US dollar on April 30.

分享按鈕
主站蜘蛛池模板: 天堂1在线观看 | 国产一区二区三区免费播放 | 久爱www免费人成福利播放 | 男人的天堂精品国产一区 | 香港激情三级做爰小说 | 亚洲一区二区三区精品影院 | 亚洲天堂男人 | 久久久久综合 | 精品日本亚洲一区二区三区 | 亚洲图片 自拍偷拍 | 男人操美女网站 | 嫩草一区二区三区四区乱码 | 高清性做爰免费网站 | 黄在线网站 | 欧美另类videosbestsex高清 | 午夜欧美精品久久久久久久久 | 伊人黄色片| 日韩在线精品视频 | 亚洲情乱 | 国产一级毛片卡 | 九九视频高清视频免费观看 | 日韩欧美精品综合一区二区三区 | 国产精品黄页在线播放免费 | 成人丝袜激情一区二区 | 91热国内精品永久免费观看 | 欧美日韩亚洲一区二区三区 | 亚洲乱码一区二区三区国产精品 | www.av日韩| 色色视频免费网 | 国产成人狂喷潮在线观看2345 | 日本三级特黄 | 国产一区二区免费不卡在线播放 | 免费观看日本特色做爰视频在线 | 久久两性 | 亚洲欧洲一二三区机械有限公司 | 亚洲丝袜另类 | 99久久精品免费看国产免费 | 国产精品国产三级国产在线观看 | 日韩精品一区二区三区高清 | 国产美女三级做爰 | 亚洲在线观看 |