The People's Bank of China conducts central bank bill swap operations
This newspaper, Beijing, March 29 (Reporter Wu Qiuyu) In order to improve the market liquidity of banks' perpetual bonds, support banks to issue perpetual bonds to replenish capital, and enhance the ability of financial services to serve the real economy, the People's Bank of China launched a central bank bill on the 29th. Swap (CBS) operation, the operation volume is 5 billion yuan, the term is 3 months, and the rate is 0.10%.
It is reported that this operation is open to public bidding for primary dealers in the open market business, and the winning institutions include large state-owned commercial banks, joint-stock banks, city commercial banks, rural commercial banks, securities companies and other financial institutions.
The exchanged bonds 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-sized banks to issue perpetual bonds to replenish capital.