China News Service, February 28th. According to the website of the People's Bank of China, in order to improve the market liquidity of banks' perpetual bonds, support banks to issue perpetual bonds to supplement capital, and enhance the ability of financial services to the real economy, the PBOC will The Bank of China's central bank bill swap (CBS) operation was carried out on 28th, with an operating volume of 5 billion yuan and a term of 3 months at a rate of 0.10%.
Data map: Citizens pass in front of the People's Bank of China. Photo by Zhang Xinlong of China News Agency
This operation is open to public bidders for first-tier dealers in the open market. The winning bidders include various state-owned commercial banks, joint-stock banks, city commercial banks, rural commercial banks, and securities companies. The bonds exchanged include perpetual bonds issued by large state-owned commercial banks and joint-stock banks, as well as perpetual bonds issued by city commercial banks, reflecting the support for small and medium banks to issue perpetual bonds to supplement their capital.
The People's Bank of China will comprehensively consider market conditions and reasonable needs, and adopt a market-based approach to carry out CBS operations steadily.