China's stock exchange-traded T-bonds ended up Thursday after the central bank upsized its 7-day reverse repos in Thursday's open market operations. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 152.90 points. Turnover shrank 24.80 percent to 185 million yuan.
The People's Bank of China, China's central bank, conducted 20 billion yuan worth of 7-day reverse repos in Thursday's open market operation, terminating seven straight sessions of 10 billion yuan reverse repos sales after the central bank cut both the benchmark interest rates and required reserve ratio (RRR) in October.
Traders noted that the move showed the central bank's intention to keep liquidity environment stable after the resumption of the initial public offerings (IPO), which added some boosts into the bond market. SSE Corporate Bond Index ended up 0.01 percent at 194.94 points Thursday. Turnover expanded 14.81 percent to 3.1 billion yuan. Shanghai Composite Index gained 1.36 percent to close at 3,617.06 points on the same day.
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