IN BRIEF (Page 14)
China Daily | Updated: 2009-06-24 08:08
Repo deals suspended
The People's Bank of China has suspended the sale of repurchase agreements in its regular open market operation yesterday, in an apparent move to ease liquidity pressure as the Chinese stock market gears up for fresh listings, traders said.
The suspension came on the same day the Ministry of Finance deposited 30 billion yuan State funds with selected banks in an auction, according to traders.
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