China's stock exchange-traded T-bonds ended down Thursday despite the central bank' continuous capital injection. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed down 0.05 percent at 148.07 points, and turnover swelled 149.44 percent to 516.34 million yuan.
The People's Bank of China (PBOC), the Chinese central bank, heaved for the second straight week a net liquidity injection via open market operations this week. The central bank conducted 25 billion yuan worth of 7-day reverse repos on Tuesday and finally injected a net 5 billion yuan into the financial system via this week's open market operations.
Trader noted that capital prices in the money market fell across the board on Thursday after the central bank's two-week long liquidity injection. SSE Corporate Bond Index closed unchanged at 184.42 points Thursday.
Turnover expanded 37.62 percent to 1.39 billion yuan. SSE-quoted convertibles diverged on Thursday with 7 advancers, 4 decliners and 1 flat. Shanghai Composite Index gained 0.41 percent to close at 3,825.78 points on the same day.
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