Central Bank Imposes One-year Bills on Some Banks

By staff reporter Zhang Man

The People's Bank of China began to place more than 100 billion yuan worth of one-year bills with selected banks on Sept. 14, in a bid to curb market liquidity, an official with the central bank told on Sept 15.

Bank of China (SSE: 601988; HKEX: 3988), Agricultural Bank of China and other joint-stock banks will be among the buyers, the unidentified official said.