China central bank to conduct 5 bln yuan bill swaps on Thursday

SHANGHAI, July 30 (Reuters) - China's central bank said it will conduct a bill swap operation on Thursday to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital.

The bill swaps, with a 3-month tenor, will total 5 billion yuan ($714 million), the central bank said in a statement.

($1 = 7.0014 yuan) (Reporting by Beijing Monitoring Desk; Editing by Tom Hogue)

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