The People's Bank of China (PBOC), the central bank, will issue a total of 51 billion yuan ($7.58 billion) one-year bills on Tuesday, up 11 billion yuan from last week's issuance and the biggest in seven successive weeks, Shanghai Securities News reported.
Manufacturing continues to expandA total of 65.5 billion yuan worth of bills will mature this week, but Tuesday's issuance will soak up about 80 percent of the liquidity, which will lead to a net withdrawal as a result, and the amount of withdrawals may even go up.
PBOC's continuing net withdrawal has not affected the liquidity of the market, the newspaper said.
