Press "Enter" to skip to content

CBS tool for perpetual bonds not Chinese QE, said PBOC official

The People's Bank of China (PBOC) last week introduced Central Bank Bills Swap (CBS) to support perpetual bonds issued by commercial banks to replenish capital. Many analysts say that it is essentially Chinese version of QE (Quantitative Easing).

Sun Guofeng, director of the central bank's monetary policy department, said in an interview on Thursday that in the operation of CBS, "perpetual bonds are still held by banks, ownership . . .

To continue reading, please subscribe.


We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out! 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
  • Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!


Not ready for the full service? Subscribe to our Free Weekly Newsletter first.

Already have an account? Sign In