Less than 50 banks, including HSBC and Citigroup, are allowed to participate in China's open-market operations
, the report added.
China's central bank has said that it was planning to sell CNY55bn (USD8.42) worth of three-month bills in an open-market operation
on Tuesday, reports Dow Jones.
He finds that, with respect to open-market operations
, the Fed reacted to the stock market Crash in a way consistent with its behavior in the 1920s but that after mid-1930 its actual purchases were considerably below forecast.
It starts by using open-market operations
in an effort to achieve "operating targets," which are the values of bank reserves and the federal funds rate that it believes are consistent with achieving the values of "intermediate targets" (e.g., growth in the monetary aggregates), which in turn are deemed consistent with achieving the desired ultimate effects on inflation and economic activity.
The central bank injected a net CNY28bn into the money market last week through its open-market operations
China's central bank has said it is planning to sell CNY65bn (USD9.94bn) worth of one year bills in its open-market operation
The apex bank said that it was ready to expand its role in open-market operations
and offer cash to banks as the liquidity condition in the nation was coming under strain.
The central bank, which performs open-market operations
on Tuesdays and Thursdays, has drained a net CNY103bn from the money market last week.
The People's Bank of China (PBOC), which carries out regular open-market operations
on Tuesdays and Thursdays, has drained a net CNY49bn from the money market last week.
China's central bank has injected a net CNY70bn (USD10.29bn) into the money market through open-market operations
The central bank had injected a net CNY76bn into the money market last week through its open-market operations
The central bank, which carries out regular open-market operations
Tuesdays and Thursdays, has sold CNY24bn worth of bills in Tuesday's operation.