China's stock exchange-traded T-bonds ended up Tuesday after the central bank scaled up its reverse repos sale.
The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.02 percent at 154.70 points. Turnover swelled 200.65 percent to 1.38 billion yuan. The People's Bank of China, China's central bank, conducted 130 billion yuan worth of 7-day reverse repos in Tuesday's open market operations.
Traders noted that the central bank is trying to add more fund into the financial system after capital prices surged and the equities slumped. Besides, due to yuan's sharp depreciation and massive capital outflows, there is still a necessity for the central bank to cut required reserve ratio in January, said traders. SSE Corporate Bond Index ended up 0.02 percent at 197.33 points Tuesday.
Turnover withered 50 percent to 1.29 billion yuan. Shanghai Composite Index inched down 0.26 percent to close at 3,287.71 points on the same day.
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