Caixin
Jul 24, 2018 04:10 AM
FINANCE

PBOC Injects $74 Billion to Bolster Corporate Bond Market

The People’s Bank of China made its second MLF injection this month. Photo: VCG
The People’s Bank of China made its second MLF injection this month. Photo: VCG

* Monday’s injection came after the central bank offered commercial banks access to MLF loans, especially lenders that invest in lower-rated corporate bonds.

* China Minsheng Bank analyst said he doesn’t consider this quantitative easing, in which a central bank buys bonds directly.

China's central bank injected 502 billion yuan ($73.9 billion) of cash into the banking system Monday through loans to commercial banks, a move to encourage banks to increase lending to small companies and invest in corporate bonds.

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