Original title: Central Bank: Launching a 5 billion yuan central bank note exchange (CBS) operation on June 29 Source: Central Bank

In order to improve the market liquidity of bank perpetual bonds and support banks in issuing perpetual bonds to supplement capital, the People's Bank of China will launch the sixth phase of the 2020 Central Bank Note Exchange (CBS) operation on June 29, 2020 (Monday). The current operation volume is 5 billion yuan, and the period is 3 months. Fixed rate volume tenders are held for first-level traders in open market business. The rate is 0.10%. The first settlement date is June 29, 2020, and the due date is September 29, 2020 (postponed in case of holidays).