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26

2014

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11

Next week, we’ll pump another 60 billion yuan into treasury deposits.

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To address the tight liquidity situation, regulators on the Chinese mainland have injected funds into the market through multiple channels. Yesterday, the Ministry of Finance announced that next Tuesday it will conduct a 60-billion-yuan central treasury cash deposit operation with a term of three months. The market also reported that yesterday the People's Bank of China provided funding support—up to 50 billion yuan (the same currency applies below)—to banks including the Bank of China, the China Development Bank, and the Industrial Bank via its Short-term Liquidity Operations (SLO). Early yesterday morning, the Shanghai Stock Exchange’s reverse repurchase rate for government bonds surged sharply: in the early session, the one-day Shanghai Stock Exchange government bond reverse repurchase rate jumped by 455.4% to 772 basis points, and the four-day Shanghai Stock Exchange government bond reverse repurchase rate also saw a substantial increase.
  To address the tight liquidity situation, regulators on the Chinese mainland have injected funds into the market through multiple channels. Yesterday, the Ministry of Finance announced that next Tuesday it will conduct a 60-billion-yuan central treasury cash deposit operation with a term of three months. The market also reported that yesterday the People's Bank of China provided funding support—up to 50 billion yuan (the same currency applies below)—to banks including the Bank of China, the China Development Bank, and the Industrial Bank via its Short-term Liquidity Operations (SLO).
 
  Yesterday morning, the Shanghai Stock Exchange’s reverse repurchase rate for government bonds surged sharply. In the early session, the 1-day Shanghai Stock Exchange government bond reverse repurchase rate rose by 455.4% to 772 basis points, while the 4-day Shanghai Stock Exchange government bond reverse repurchase rate also jumped by 242%, reaching 520 basis points. According to Market News International (MNI), citing three sources, the People’s Bank of China’s SLO operations included Bank of China, the China Development Bank, and Industrial Bank. However, Bank of China issued a statement yesterday denying that it had recently been tapping into funding. On Thursday, Industrial Bank released a statement refuting market reports claiming that the bank was “short of funds,” stating that as of 5 p.m. on Thursday, its excess reserves exceeded 60 billion yuan, with an excess reserve ratio exceeding 1%, indicating that its liquidity remained safe and under control. On Weibo, the central bank stated that currently, the Chinese banking system has ample overall liquidity and will promptly provide liquidity support through various monetary policy tools when needed.

Latest updates

2019-12-05

The company has been awarded the “AAA”-level harmonious labor relations enterprise designation by Chongqing Municipality.

Recently, Chongqing Hydraulic Mechanical-Electronical was jointly recognized by the Chongqing Municipal Bureau of Human Resources and Social Security, the Chongqing General Trade Union, the Chongqing Enterprise Confederation, and the Chongqing Federation of Industry and Commerce as a “AAA”-level (the highest level) enterprise with harmonious labor relations. Over the past year, the Party and administration of Chongqing Hydraulic Mechanical-Electronical have continuously strengthened human resource management, guided by the "Guiding Opinions on Intensifying Talent Recruitment and Development to Promote Enterprise Growth," and have steadily carried out efforts to "recruit, employ, and retain talent." By establishing proactive compensation policies, the company has attracted and recruited talented individuals...

2019-12-04

Prevent problems before they become serious—Chairman Li Jie leads a team to carry out safety inspections.

On November 29, Li Jie, Party Secretary and Chairman of the company, personally led a team—including responsible persons from the Safety Technology Department, the Production Support Department, the Security Office, and heads of various specialized groups under the Safety Certification—on comprehensive inspections of the safety production conditions at each unit and at Rui'ou Company.

2019-12-04

The special inspection and rectification team for confidentiality from the Chongqing company visited the company to provide guidance and inspection.

On December 2, a four-member inspection and supervision team from the Chongqing company’s special rectification effort for confidentiality conducted a targeted inspection of the company’s confidentiality work. Members of the Confidentiality Committee—including company leaders Li Jie, Liu Bing, Lu Bin, and Ran Yimin—as well as personnel from the Confidentiality Office and relevant departments, attended the briefing session on the special inspection of confidentiality work.