Feb 28 The People's Bank of China (PBOC) conducted a net drain
of 160 billion yuan ($26.12 billion) from the banking system this week,
according to Reuters' calculations.
The PBOC has drained a net 268 billion yuan from the market so far in 2014.
The PBOC injected a net 113.8 billion yuan into the market in 2013. For a
table on the PBOC's open market operations in 2013, click:
For information on changes in required reserve ratios, click:
For information on changes in deposit interest rates, click:
For information on changes in loan interest rates, click:
Following is a summary of the PBOC's weekly open market operations this year
(in billions of yuan):
Week Bills Repos Reverse Bills Repos Reverse Net drain
starting matured matured repos issued issued repos (-) or
issued* matured* injection
24-Feb -160 -160
17-Feb -108 -108
10-Feb -450 -450
27-Jan 150 -75 75
20-Jan 375 375
* Reverse repos inject funds on issuance and drain funds on maturity.
Note: Reuters calculations of maturing bills and repos count any debt
maturing on the weekend as maturing the following week, as that is when banks
receive the cash.
($1 = 6.1248 Chinese yuan)
(Compiled by Shanghai Newsroom; Editing by Anand Basu)