在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Make me your Homepage
left corner left corner
China Daily Website

China central bank boosts transparency

Updated: 2013-11-07 10:52
( Agencies)

SHANGHAI - China's central bank began publishing data on a recently-launched liquidity management tool on Wednesday, in a step towards improving transparency following a cash squeeze in June that rattled global markets and sparked criticism of the bank for poor communication with the market.

The People's bank of China (PBOC) said loans outstanding under its Short-term Lending Facility (SLF) dropped to 386 billion yuan ($63.3 billion) at end-September, from 410 billion yuan a month earlier.

The PBOC launched the SLF in January, enabling commercial banks to borrow from the central bank for one to three months.

The mechanism adds a new tool for authorities to manage short-term liquidity, beyond the use of bond repurchase agreements and central bank bills sold at twice-weekly open market operations.

The SLF mechanism is modelled after the US Federal Reserve's discount window, the European central bank's Marginal Lending Facility, and the Bank of England's Operational Standing Facility.

But until Wednesday, the PBOC only published data on SLF loans quarterly. That left market participants with an incomplete picture of the central bank's operations to control the money supply. On Wednesday the bank said it will publish the data regularly on its website, www.pbc.gov.cn.

"Influenced by the increasing uncertainty of global economic and financial conditions, fluctuations of supply and demand of short-term liquidity in China's banking system has sharpened in recent years," it said in a statement published in the website.

"The PBOC created the SLF at the start of this year to manage temporary volatility of liquidity in the banking system," the central bank said in the statement, adding that operations had been conducted successfully from January to September.

As part of a crackdown on banks engaged in riskier lending, the PBOC engineered a cash crunch in late June during which some Chinese money market rates skyrocketed to 30 percent from a normal range of about 3-4 percent, setting off turmoil in financial markets globally and inciting criticism of the PBOC for failing to communicate its intentions.

The central bank has since pledged to improve. During a less severe cash crunch in late September, the PBOC convened a meeting with banks to tell them the situation, while injecting short-term money via open market operations to smooth urgent demand.

 
8.03K
 
...
主站蜘蛛池模板: 毛片在线视频 | 一级特黄毛片 | 国产黄色一区 | 日本一区二区三区在线视频 | 亚洲黄色天堂 | 黄色影院在线观看 | 亚洲一区二区精品视频 | 成人午夜网| 日韩精品视频在线播放 | 成人在线一区二区 | 国产亚洲欧美日韩高清 | 亚洲综合在线视频 | 日韩免费在线观看视频 | 亚洲国产一区在线 | 性做久久久久久久免费看 | 免费视频久久 | 亚洲成人中文字幕 | 二区三区在线观看 | 超碰成人福利 | 黄色三级免费 | 中国免费av | 91免费福利视频 | 美女天天干 | 成人国产在线 | 91网在线观看 | 青青草视频污 | 日日操夜夜爽 | 日韩av一级片 | 日韩视频在线播放 | 日本精品网站 | 日韩精品一区二区三区中文在线 | 日韩欧美在线观看视频 | 一区二区三区在线看 | 亚洲自拍偷拍一区 | 中文字幕欧美在线 | 久久久久一区 | 午夜视频一区二区 | 免费在线小视频 | 精品在线观看视频 | 日韩在线精品 | 国产黄色精品视频 |