PBOC tests demand for bill sale

05/8/2013 | Bloomberg

The People's Bank of China has felt out interest for a sale of three-month bills ahead of a possible resumption of offerings. The last sale occurred 17 month ago. "The central bank's gauging of demand shows it will resume bill sales soon," said Shi Lei of Ping An Securities. "Foreign capital inflows are too big. The central bank needs more tools to mop up excess liquidity."

View Full Article in:

Bloomberg

Published in Briefs: