Chinese central bank has raised some leading securities brokerages’ upper limit for outstanding commercial bill issuance - a key form of short-term fundraising in the interbank market, the latest move to calm the market and ease funding stress triggered by the regulator's takeover of a regional bank.
Citic Securities said on Friday its upper limit for outstanding commercial bill issues had been raised to 46.9 billion yuan, from a much lower 15.9 billion yuan previously, a statement . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In