Central Bank Issues One-year Bills

By staff reporter Zhang Man

The People's Bank of China issued 85 billion yuan worth of one-year central bank bills on Sept. 1, with the yield flat at 1.7605 percent, the central bank said in an online statement.

The PBOC also drained 30 billion yuan from the market through 28-day repurchase agreements, with the interest rate at 1.18 percent, the statement said.