央行票据互换(CBS)操作 央行票据互换(Central Bank Bills Swap,简称CBS)是中国人民银行为提升银行永续债市场流动性而创设的一种金融工具。 该工具的推出旨在支持银行发行永续债以补充资本,增强金融服务实体经济的能力。 CBS操作的背景与目的 背景:为了保障金融支持实体经济的可持续性,银行需要有充足的资本金。永续债成为...
The People's Bank of China (PBOC), the country's central bank, announced yesterday that it would start accepting applications from non-bank financial institutions to join a newly created funding scheme, to boost the stock market.eWeekly China News...
China's central bank on Friday launched the Securities, Funds and Insurance companies Swap Facility (SFISF), with the first batch of application quota exceeding 200 billion yuan (about 28.1 billion U.S. dollars). The People's Bank of China announced the decision to set up the SFISF in a ...
BEIJING, April 29 (Xinhua) -- The People's Bank of China, or the central bank, conducted this year's fourth central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial banks. The CBS, valued at 5 billion yuan (about 755.55 million ...
BEIJING -- China's central bank on Friday launched the Securities, Funds and Insurance companies Swap Facility (SFISF), with the first batch of application quota exceeding 200 billion yuan ($28.1 billion). The People's Bank of China announced the decision to set u...
central bank swap linescovered interest parityfinancial crisisforeign exchange swapsWe study the use of U.S. dollar central bank swap lines as a tool for addressing dislocations in the foreign currency swap market against the USD since the global financial crisis. We find that the use of the ...
tools to support the stable development of the stock market, said Pan Gongsheng, governor of the PBOC, at a press conference that day. The central bank will establish a swap program for securities, funds and insurance companies to obtain liquidity from the central bank through asset ...
BEIJING, Oct. 10 (Xinhua) -- China's central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for "the healthy and stable development of the...
SHANGHAI (Reuters) -China's central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund companies and insurers. ...
BEIJING, Feb. 28 (Xinhua) -- The People's Bank of China, or the central bank, conducted this year's second central bank bills swap (CBS) operation on Monday to improve the liquidity of perpetual bonds issued by commercial banks.