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Nov 29, 03:18 AM
PBOC Injects 190.3B Yuan as ChiNext Gains 4%, CATL Rises 5%
Stocks
Business

PBOC Injects 190.3B Yuan as ChiNext Gains 4%, CATL Rises 5%

Authors
  • China Xinhua News
  • Reuters Business
  • FinancialJuice
4

China's central bank, the People's Bank of China (PBOC), conducted significant monetary operations in November. The PBOC injected 190.3 billion yuan via 7-day reverse repos at an interest rate of 1.50%, while removing 279.8 billion yuan through open market operations. Additionally, the central bank executed outright reverse repos totaling 800 billion yuan in November and made a net purchase of 200 billion yuan in government bonds through open market transactions. On the stock market, the turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 43rd consecutive trading day. Major indices showed strong performance on November 29, with the ChiNext Index rising over 4%, the Shenzhen Component Index gaining more than 2%, and the Shanghai Composite Index increasing by 1.4%. The STAR 50 Index and CSI 300 Index also rose more than 4% and 2%, respectively. Over 4,300 stocks recorded gains, with CATL shares up more than 5% and FTSE China A50 Index futures rising more than 2%, reflecting robust market activity.

Written with ChatGPT (GPT-4o).

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