Equity market

With no reverse repos maturing Monday, the People's Bank of China injected a total of 50 billion yuan (about $7.15 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank. … [Read more...] about China’s central bank injects 50b yuan into market

China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system. … [Read more...] about China’s central bank injects 300b into market Friday

With no reverse repos maturing Tuesday, the People's Bank of China injected a total of 30 billion yuan (about 4.29 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank. … [Read more...] about China’s central bank injects 30 bln yuan into market

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. … [Read more...] about China’s overnight Shibor interbank rate up Wednesday

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. … [Read more...] about China’s overnight Shibor interbank rate increases Thursday