China central bank to conduct six billion yuan bill swaps on Tuesday

Published: December 24, 2019 13:54:19 | Updated: December 28, 2019 13:41:14

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China on September 28, 2018 — Reuters/Files

China’s central bank will conduct a bill swap operation to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital, it said on Tuesday.

The bill swaps, with a 3-month tenor, will total 6 billion yuan ($855.63 million), Reuters reported citing a statement of the bank.

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