China Financial Daily

Return one-day central bank sparked market concern 138000000000
Yesterday, the central bank issued 120 billion yuan up to 28 Tianzheng repurchase agreements, which in 2009 was the second time since the central bank is more than one hundred billion repurchase operation. The same day, the central bank also issued 18 billion yuan central counting 1-year, single-day money back 138 billion yuan, representing a steep first two trading days.

This change led to the market again on speculation the monetary policy shift. But experts said the pressure due to return this week, so the central bank increased the repo efforts is to maintain the basic stability of the currency market does not mean that an appropriate monetary policy will change.

According to Wind information revealed that the central vote due this week and are to repurchase a total of 246 billion yuan, due in August of funds 650 billion yuan.

CITIC Ren Jian-Min Xia voted analyst believes that the funds due as a result of the magnitude of this week, in order to avoid the spread of increased market liquidity, return should increase efforts to deal with, it is monetary policy to fine-tune the specific embodiment.

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