China's stock exchange-traded T-bonds ended up Thursday after the central bank's reverse repo sales.
The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 150.56 points. Turnover shrank 56.86 percent to 120.78 million yuan.
The People's Bank of China, China's central bank, conducted 40 billion yuna worth of reverse repos in Thursday's open market operations. Statistics show 85 billion yuan of reverse repos were due this week and the central bank offered 50 billion yuan of reverse repos on Tuesday.
As a result, the central bank injected a net 5 billion yuan into the financial system this week. Traders noted that the central bank's continuous reverse repo sales alleviated investors' worries about the liquidity outlook after yuan's sharp depreciation, which provided a support to bond prices.
SSE Corporate Bond Index ended up 0.03 percent at 190.81 points Thursday. Turnover withered 20 percent to 1.4 billion yuan. SSE-quoted convertibles posted gains on Thursday with 2 advancers and 1flat.Shanghai Composite Index gained 1.76 percent to close at 3,954.56 points on the same day.
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