(Yicai Global) Dec. 24 -- The People's Bank of China will issue CNY6 billion (USD855.7 million) worth of Central Bank Bills Swaps to support the liquidity of perpetual bonds, the central bank announced today.

This will be the PBOC's seventh bill swap this year. The total amount of perpetual bonds in China's commercial banking system is approaching CNY550 billion (USD78.4 billion).

Editor: Emmi Laine