Laws of the People's Republic of China

Announcement of Open Market Business

[2004] No.1

For the purpose of supporting the demand for payment fluidity of commercial banks before the festival, the People's Bank of China determined to carry out exclusive operation of reverse repurchase in the American mode of interest rate bidding toward 43 primary dealers on this Friday (January 16). The bidding volume is 40 billion Yuan, the duration is 14 days, the method of liquidation is T+0, and the time of bidding is at 11กร00-12กร00 am, January 16.

The Operating Office of the Open Market Business of the People's Bank of China

January 16, 2004