国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Ministry assures bonds not to cool stock market

(Shanghai Daily)
Updated: 2007-07-06 08:26

China's proposed issue of 1.55 trillion yuan (US$200 billion) in special treasury bonds is not aimed at cooling the sizzling stock market and won't have a direct impact on money supply, the Ministry of Finance was quoted as saying yesterday.

The sale of the bonds, which will be used to buy foreign exchange reserves to help set up a state investment firm, will replace part of the central bank bills to mop up excess liquidity, Xinhua news agency reported, citing the ministry.

The ministry also noted the special bonds won't directly affect the existing liquidity in the stock market and it won't directly sell the debt to the People's Bank of China, the central bank, according to Xinhua.

Xinhua also quoted Li Yang, a researcher at the Chinese Academy of Social Sciences, as saying that the special bonds may be sold to an intermediary financial institution before being passed on to the central bank via an asset swap.

"The comment (by the finance ministry) on the issue of the special bonds is likely to help ease concerns over a big impact on liquidity," said Zhang Yang, an Orient Securities Co analyst. "If the central bank doesn't change its target of mopping up cash from the financial system, (the special bond sales) won't help soak up more liquidity."

Related readings:
 First-batch special bond issue imminent
 Special bonds have no grave impact on financial market
 
Special bond issue won't seriously impact liquidity

Special Coverage:
Markets Watch 

T he China Business News reported yesterday that the ministry will soon start the sale of the first batch of the special bonds valued at 500 billion yuan. The ministry has applied to the State Council for the offer, the newspaper said, citing unnamed sources.

The remaining special bonds will be issued in two batches with about 500 billion yuan targeted in each sale based on the need of the country's forthcoming overseas investment company, the report said.

News over the issuance of special bonds has recently spooked the domestic stock market, stoking up investors' jitters over a sudden tightening in liquidity and possible follow-up moves by the government to cool the hot market.

Chinese yuan-denominated shares have nearly tripled in value since the start of 2006 as a growing number of citizens channeled low-yielding bank deposits to shares to ride the rally.
(For more biz stories, please visit Industry Updates)



大英县| 三台县| 淅川县| 桐乡市| 密云县| 米易县| 敦化市| 兰州市| 永安市| 卓尼县| 漳浦县| 合水县| 余江县| 习水县| 新巴尔虎右旗| 宁晋县| 新丰县| 博客| 邵武市| 洛隆县| 方山县| 中牟县| 纳雍县| 乐亭县| 宝应县| 娄底市| 嵩明县| 内丘县| 凌源市| 修水县| 翁源县| 雷州市| 巴塘县| 建水县| 澎湖县| 康保县| 鄂伦春自治旗| 梁平县| 神木县| 新竹市| 屏东市|