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China's central bank to conduct bill swaps worth 5bn yuan on Dec 24

  • The bill swaps, with a three-month tenor, will total 5 billion yuan ($764.53 million).
Published December 24, 2020 Updated December 24, 2020 10:31am
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BEIJING: China's central bank said it will conduct a bill swap operation on Thursday to support the issuance and liquidity of perpetual bonds sold by banks to replenish capital.

The bill swaps, with a three-month tenor, will total 5 billion yuan ($764.53 million), the People's Bank of China said in a statement.

China Wheat Yuan Yen China's central bank

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