People’s Bank of China website May 26 news, in order to improve the market liquidity of bank perpetual bonds, support banks to issue perpetual bonds to supplement capital, and enhance the ability of financial services to the real economy, the People’s Bank of China on May 26, 2020 On the day, the central bank bill swap (CBS) operation was carried out, with an operation volume of 5 billion yuan, a period of 3 months, and a fee rate of 0.10%.
This operation is open to public bidding for first-class dealers in open market business. The winning bidders include large state-owned commercial banks, joint-stock banks, city commercial banks, rural commercial banks, and securities companies. Financial institutions. The exchange of bonds includes perpetual bonds issued by large state-owned commercial banks and joint-stock banks, as well as perpetual bonds issued by city commercial banks, which reflects the support for the supplementary capital of perpetual bonds issued by small and medium-sized banks.
The People ’s Bank of China will comprehensively consider market conditions and reasonable needs, and adopt market-oriented methods to carry out CBS operations prudently.
(Originally titled “People’s Bank of China Launches Central Bank Bill Swap (CBS) Operations on May 26”)