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China realiza canje de letras del banco central_Spanish.china.org.cn_The most authoritative Spanish news website in China

China exchanges central bank bills

  • Editor:
  • 14:10:26 2022-05-30 / Xinhua
  • China realiza canje de letras del banco central_Spanish.china.org.cn_The most authoritative Spanish news website in China

BEIJING, May 30 (Xinhua) – The People’s Bank of China, the country’s central bank, held its fifth central bank bill (CBS) swap operation this year to improve the liquidity of perpetual bonds issued by commercial banks.

CBS, valued at 5 billion yuan ($ 745.7 million), is open for primary dealers to bid at a fixed rate of 0.1 percent, the central bank said in a statement.

The exchange will expire on August 30, 2022, according to the statement.

The CBS scheme allows traders to redeem their perpetual bonds for central bank bills, boosting market demand for perpetual bonds but having a neutral impact on liquidity in the banking system.

Perpetual bonds are fixed income securities with no maturity date and are non-repayable, but pay a steady stream of interest in perpetuity. The end

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