BEIJING, April 12 (Xinhua) -- Coach Gong Luming, who helped the Chinese men's basketball team return to the Asian top podium last October, will continue to lead the team to Rio Olympic Games this August, the Chinese Basketball Association's website said on Tuesday.
The Chinese basketball's governing body released a list of the team's coaching staff with Gong still as the head coach.
Gong's coaching position had been uncertain in February as some reports claimed that he failed to reach a consensus with the association on his pay and bonus. Later, Gong told Xinhua that he was still communicating with the governing body.
Later than usual, the Chinese Basketball Association released a 23-man squad on March 31, with assistant coach Li Nan taking over the team's daily training.
Now, Gong remains in office.
"Our players are not in good form now. Without head coach, they cannot fully concentrate on training," Gong told CCTV.
The Rio Olympic men's basketball tournament will run from Aug. 6-21. China will open their journey in Rio against the United States, the defending champions.
BEIJING Cheap Air Jordan 13 Altitude For Sale , April 18 (Xinhua) -- In a bid to maintain monetary equilibrium, China's central bank renewed its net cash injections via open market operations Tuesday after suspending the move for Monday.
The People's Bank of China (PBOC) conducted 80 billion yuan (about 11.6 billion U.S. dollars) of reverse repos, a process by which the central bank purchases securities from banks through bidding Air Jordan 13 Altitude Retro For Sale , with an agreement to sell them back in the future.
The injection saw a net 70 billion yuan pumped into the market Monday, offset by 10 billion yuan in maturing reverse repos.
The operations included seven-day reverse repos priced to yield 2.45 percent, 14-day contracts with a yield of 2.6 percent Air Jordan 13 Altitude 2017 For Sale , and 28-day agreements with a yield of 2.75 percent, according to a central bank statement.
In addition, central bank lending worth 234.5 billion yuan into the market via medium-term lending facility (MLF) is set to mature Tuesday.
Analysts said the central bank's intention to keep liquidity stable is clear and Tuesday's operations will help ease the short-term liquidity squeeze.
The central bank announced lending worth 495.5 billion yuan into the market via MLF on Monday. The operation included 128 billion yuan that will mature in six months and 367.5 billion yuan that will mature in one year Air Jordan 13 Altitude For Sale , with interest rates of 3.05 percent and 3.2 percent, respectively.
The MLF tool was first introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using securities as collateral.
After a 13-day halt, the central bank restarted reverse repo operations on April 13 and made a net cash injection of 70 billion yuan that week.
Statistics show that 190 billion yuan of reverse repo contracts are set to mature this week Cheap Jordan 13 Altitude For Sale , from April 15 to April 21, but no repos or central bank bills are set to mature.
Researchers with Citic Securities said the market liquidity may remain in tight balance due to stricter regulatory scrutiny and the country's prudent and neutral monetary policy.
"The monetary policy is unlikely to relax in the short term as regulators will keep an eye on inflating asset bubbles and declining excess reserves," said Jiang Chao at Haitong Securities.
Adjusted growth of total social financing (TSF) Jordan 13 Altitude Retro For Sale , a more comprehensive measure of the speed for credit expansion, decelerated notably to 15.6 percent in March from 16.4 percent in February.
Money market rates also climbed higher. The weighted average interbank offered rate and pledged repo rate edged up to 2.62 percent and 2.84 percent, respectively Jordan 13 Altitude 2017 For Sale , in March.
Apart from raising the reverse repo rates in March, the central bank has also stepped up financial deleveraging efforts.
Chinese banks' excess reserves dropped to a historical low in February due to declining foreign reserves, said Jiang Jordan 13 Altitude For Sale , adding the central bank's continuous cash withdrawal since late March would weigh on market supply.
Li Huiyong, chief economist at Shenwan Hongyuan Securities, remained a little more optimistic and predicted liquidity equilibrium in the near future.