Central bank succeeded in net cash withdrawal in nine weeks

As reported, the central l bank will open on 22 80.0 billion yuan Bank Bill in three-month, increasing 80 percent that of last issuance at 45.0 billion yuan, thus it has realized the performance of net cash inflow for over nine weeks. The money collected will hit the record of 51.0 billion yuan in discount of overdue bill at 74.0 billion yuan, considering the first two batches of loans.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

The situation just conforms to the market expectation, since the central bank has injected the market with loans at the amount of 957.0 billion yuan, having greatly relaxed the shortage of capitals. At present, money market rate, presenting in degree the tension of capital, has dropped to the level of May. On 21, interbank buy-back weighted average interest rat is at about 1.4749 percent, with 7-day buy back rate at about 1.8397 percent

Data shows the central bank will proceed with cash withdrawal at least in consecutive three weeks, as it sees matured amount less than hundred billion yuan for a single week, presenting respectively by 86.0, 58.0 and 92.0 billion yuan.