China Increases Liquidity Support to Banks as Major Holiday Nears
(Beijing) — China’s central bank has injected a net 160 billion yuan ($23 billion) into the market this week to stave off a temporary seasonal credit crunch ahead of the country’s Lunar New Year holidays.
The People’s Bank of China (PBOC) on Wednesday released a net 40 billion yuan through so-called reverse repurchase agreements, and a combined net 120 billion yuan on Monday and Tuesday through open market operations.
- 1Hong Kong Hedge Fund Files $88 Million Lawsuit Against Elusive Businessman Guo Wengui
- 2Beijing Real-Estate Slump Deepens
- 3China Removes Steel Makers From ‘Qualified’ List for First Time
- 4Retraction of Cancer Papers Highlights Corruption in Chinese Academia
- 5Tianjin Rolls Out Draft Regulations on Shared Bikes