Markets

China 6-month finance ministry deposits sold at 4.32pc

Published July 15, 2014 Updated July 15, 2014 03:25am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's central bank auctioned 50 billion yuan ($8.06 billion) of six-month finance ministry deposits to commercial banks on Tuesday at a rate of 4.32 percent, traders said.

Banks will bid for the right to take the deposits.

The sale, like previous such exercises, is part of the finance ministry's cash management programme.

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