China c.bank to sell 40 bln yuan 1-year bills

China c.bank to sell 40 bln yuan 1-year bills


SHANGHAI, Oct 25 (Reuters) - China's central bank said on

Monday that it would auction 40 billion yuan ($6.0 billion) of

one-year bills in its open market operations on Tuesday, down

from 43 billion yuan of such bills sold last week.

A total of 75 billion yuan in central bank bills and repos

are due to mature this week.

Last week, the PBOC conducted a net drain of 61 billion yuan

from the banking system last week, suggesting it intends to cut

the supply of cash in the market.

Following is a summary of the volume of the central bank's

bill sales and repo operations so far this week (billions of

yuan):

Newly issued Maturing

___________________________________________________

Bills

Tuesday 40

Thursday TBA

Repos

Tuesday TBA

Thursday TBA

Bills maturing 35

Repos maturing 40

___________________________________________________

TOTAL n/a 75

TBA: to be announced

($1=6.66 Yuan)

(Reporting by Chen Yixin and Jacqueline Wong)

((yixin.chen@thomsonreuters.com; +86 21 6104 1713; Reuters

messaging: yixin.chen.thomsonreuters.com@reuters.net))

http://www.fxmemo.com/forum/thread/3124500/