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PBOC Surveys Banks' Bond Investment Situations to Prepare for Risk Prevention Measures - Wire
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The People's Bank of China (PBOC) has begun a new round of scrutiny of banks' bond investments, mapping out the bond investments of more commercial banks under its jurisdiction, Bloomberg reported, citing sources. Local banks in at least three provinces have received queries from the central bank, including the balance of bond investments, leverage, and the structure of bond holdings. The survey is intended to help the PBOC assess the potential market impact that may be brought about by the sale of treasury bonds and in turn prepare for further risk prevention measures. The PBOC said this month that it had signed bond borrowing agreements with a number of major financial institutions, and that several hundred billion RMBs of medium- and long-term government bonds were available for borrowing by the central bank. It is learnt that this latest review by the PBOC will help assess the potential impact of a bond sale and prepare for future measures. AAStocks Financial News |
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