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China Daily | Updated: 2015-12-02 07:50
Governments and policies
PBOC boosts liquidity as IPOs resume
The People's Bank of China, the central bank stepped up cash injections via open market operations on Tuesday, in the form of auction of 50 billion yuan ($7.8 billion) of seven-day reverse-repurchase agreements, as resumption of new share sales drove demand for funds. Last week, the PBOC auctioned 30 billion yuan of the same instruments. Twenty-eight initial public offerings, including 10 this week, will lock up 3.4 trillion yuan of funds, according to a Bloomberg survey.
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