China's stock exchange-traded T-bonds ended up Thursday after the central bank resumed its reverse repos sale. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.08 percent at 149.57 points. Turnover expanded 6.3 percent to 135 million yuan.
The People's Bank of China, China's central bank, resumed its 7-day reverse repo sale in Thursday's open market operations after 19-time suspension of such sales. Insiders noted that the move showed the central bank's intention to quench financial institutions' seasonal thirst for cash in a bid to keep the money market running smoothly, which added some boosts to the bond market. SSE Corporate Bond Index ended up 0.03 percent at 188.16 points Thursday.
Turnover swelled 12.31 percent to 2.19 billion yuan. SSE-quoted convertibles posted losses on Thursday with 4 decliners and 1 flat. Shanghai Composite Index slid 3.46 percent to close at 4,527.78 points on the same day.
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