1. Text: | Print|

      Liquidity still tight in interbank lending market

      2013-12-24 09:54 Global Times Web Editor: qindexing
      1

      Liquidity remained tight in China's interbank lending market Monday, despite an injection of more than 300 billion yuan ($49.42 billion) of fresh funds last week by the country's central bank.

      The benchmark seven-day bond repurchase rate climbed 90 basis points to 8.93 percent on a weighted average basis by close of trading Monday, up from 8.21 percent on Friday.

      The Shanghai interbank offered rate (Shibor). which measures the cost for banks to borrow from each other, has also posted dramatic spikes, with the two-week Shibor gaining the most on Monday - it rose by 124.3 basis points to 8.24 percent.

      The seven-day Shibor posted the biggest surge last week, soaring from 4.35 percent on December 16 to 8.84 percent Monday, according to the National Interbank Funding Center.

      The People's Bank of China (PBOC). the central bank, said in a statement posted after trading closed Friday that it had injected cash into the market via its Short-term Liquidity Operations for three consecutive days.

      The PBOC said in the statement that it had advised major commercial banks to "appropriately adjust their asset to liability ratio, and be more forward-looking and scientific when managing their liquidity."

      Li Bo, Shanghai-based chief investment consultant at SF Securities, told the Global Times Monday that there is not likely to be another credit crunch like the one in late June.

      "The banks are not short of money … they are just not lending cash, in order to meet their year-end requirements," Li said.

      The banking system currently has more than 1.5 trillion yuan in excess reserves, a larger amount than it has had at year-end in previous years, the central bank said.

      If a real credit crunch was around the corner, the central bank's cash injection last week would have been too small, Li said, adding that the tight liquidity will be eased soon as the Ministry of Finance is set to inject around 2 trillion yuan of fiscal deposits into the market this week.

      "The PBOC is trying to prevent commercial banks from conducting risky lending practices in the shadow banking system," he said. "In fact, the PBC may even want to see a bank get into trouble, as it could be considered a warning to other financial institutions."

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: av无码免费一区二区三区| a级毛片在线免费看| 无人在线观看完整免费版视频| 国产亚洲精品岁国产微拍精品| 成年网站免费入口在线观看| 国产视频精品免费| 国产精品免费观看视频| 亚洲精品成人网久久久久久| 亚洲日韩久久综合中文字幕| 国产精品69白浆在线观看免费 | 国产日韩AV免费无码一区二区三区| 亚洲äv永久无码精品天堂久久 | 亚洲日产2021三区| aⅴ在线免费观看| 国产成人高清精品免费鸭子| 亚洲精品欧美综合四区| 免费一级毛片正在播放| 一区二区三区免费视频观看| 亚洲欧洲∨国产一区二区三区| 毛片在线播放免费观看| 亚洲理论在线观看| 全免费a级毛片免费**视频| 苍井空亚洲精品AA片在线播放| 亚洲成AV人在线观看网址| 久久久久久噜噜精品免费直播| 亚洲国产精品一区二区久久hs| 国产高清不卡免费视频| 亚洲理论精品午夜电影| 四虎成人精品在永久免费| 成年女人A毛片免费视频| 亚洲视频一区在线播放| 女人18毛片a级毛片免费| 污视频网站在线观看免费| 亚洲国产精品无码成人片久久 | 一本色道久久88—综合亚洲精品 | 亚洲美女在线国产| 久久久久久夜精品精品免费啦| 在线观看亚洲AV每日更新无码| 国产亚洲av人片在线观看| 在线观看免费中文视频| 美女18一级毛片免费看|