Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (411)	8/18/2003 12:30:18 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China Central Bank To Issue Total of 60 Billion Yuan In Bank Bills Tomorrow NewsStand - Monday, August 18, 2003 AFX News Limited BEIJING (AFX-ASIA) BEIJING (AFX-ASIA) - The People's Bank of China, the country's central bank, said it will issue a total of 60 bln yuan in discounted bank bills tomorrow to ensure steady growth of the nation's money supply and to maintain stable interest rates in the monetary markets. In a statement, the central bank said it will issue 30 bln yuan in 3-month bank bills, 15 bln yuan in 6-month bills and another 15 bln yuan in one-year bills separately tomorrow. The payment date for the bills will be Aug 20. China's broad M2 money supply was up 20.7 pct year-on-year at 20.62 trln yuan at the end of July, a growth rate 0.1 percentage points lower than at end-June, the PBoC said earlier this month. The central bank said on its website the high M2 growth rate shows the current money supply growth is "a bit over-fast." (1 usd = 8.3 yuan) delia.liu@xfn.com Copyright 2003 AFX News Limited. All Rights Reserved. menafn.com