China's stock exchange-traded T-bonds ended up Thursday after the central bank's reverse repos sale. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 150.66 points. Turnover shrank 59.24 percent to 145.12 million yuan.
Chinese central bank - the People's Bank of China (PBOC) sold 120 billion yuan of 7-day reverse repos in Thursday's open market operations and finally injected 150 billion yuan into the financial system via this week's open market operation. Traders noted that the move showed the central bank's intention to keep liquidity environment stable after yuan's sharp devaluation last week.
Besides, the central bank pumped on Wednesday 110 billion yuan (17 billion U.S. dollars) into the market through medium-term lending facility (MLF). SSE Corporate Bond Index ended up 0.04 percent at 191.23 points Thursday. Turnover withered 23.08 percent to 1.8 billion yuan. Shanghai Composite Index lost 3.42 percent to close at 3,664.29 points on the same day.
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