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ANNOUNCEMENT OF OPEN MARKET BUSINESS (NO.1 2004) |
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(The Operating Office of the Open Market Business of the People's Bank of China, January 16th, 2004) |
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SUBJECT : EXCLUSIVE OPERATION; REVERSE REPURCHASE |
ISSUING DEPARTMENT : PEOPLE'S BANK OF CHINA |
ISSUE DATE : 01/16/2004 |
IMPLEMENT DATE : 01/16/2004 |
LENGTH : 73 words |
TEXT : |
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In order to support the demand for payment fluidity of commercial banks before the festival, the People's Bank of China decided to conduct exclusive operation of reverse repurchase in the American mode of interest rate bidding toward 43 primary dealers on this Friday (January 16th). The bidding volume is 40 billion yuan, the duration is 14 days, the clearing mode is T+0, and the time of bidding is at 11:00-12:00am of January 16th.
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