Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Ministry Outlines Ultra HD Video’s Broad Application Prospects
Xiaomi, Other Chinese Firms Debut on Fortune Global 500 List
Didi Sets Up Mideast, North Africa Partnership with Symphony Investments
LATEST
China Mandates Safety Inspections for Cloud Service Providers
Exclusive: Central Bank Governor Says Interest Rates Are at Proper Level
Huawei May Post 30% Sales Growth in First Half Despite Blacklist
Huawei to Invest $436 Million in Own Computing Ecosystem
Texas Instruments Sales Outlook Defies US-China Trade Fears
China Tightens Rules on Ownership of Unlisted Banks
China Approves New Rheumatoid Arthritis Drug
China Will Expand 5G Network to Rural Areas Despite Cost Concerns
BAIC Group Takes Stake in Daimler
China to Regulate Smoking, Vaping Amid New Focus on Public Health
China’s Reformed Aluminum Giant Rises on Back of Reinforced Profits
Big Tech-Backed Ride-Hailing Service Gets Nanjing Rollout
Government Urges Checks on Foreign Students’ ‘Quality’ After ‘Buddy’ Outrage
Upstart Chinese Crypto Entrepreneur Postpones Buffett Lunch
Three Billionaires Created on China's New Tech Board
Tencent Teams Up With Nintendo-Backed Pokemon to Create Games
Didi Sets Up Mideast, North Africa Partnership with Symphony Investments
Dubai's Top Developer to Team Up on $11 Billion Project in China
Authorities’ Attitude Key to Success of Digital Governance: Pony Ma
China’s Starbucks Challenger Eyes Middle Eastern Foray
Central Bank Injects Less Liquidity Than It Rolls Back

By Peng Qinqin and Liu Jiefei / Apr 18, 2019 02:36 AM / Finance

Photo: VCG

Photo: VCG

China’s central bank injected 360 billion yuan ($52.8 billion) Wednesday into the financial system through its medium-term lending facility (MLF) and reverse repo operations, according to a statement. The injection was slightly less than the 366.5 billion yuan of MLF loans due the same day.

Analysts said the move by the People’s Bank of China (PBOC) aims to help relieve a credit crunch while avoiding further liquidity loosening amid signs of improvement in the economy.

Early government bond issuance and companies’ tax payments in April have been absorbing liquidity. If policymakers didn’t take responsive actions, the market would come under relatively heavy pressure, analysts with Lianxun Securities said in a note.

On the other hand, with the PBOC aiming to keep money supply under control and with quarterly economic data better than expected, the monetary authority has restrained itself from injecting too much liquidity into the market, Ming Ming, an analyst with Citic Securities, told Caixin.

Related: Central Bank Refocuses on Keeping Money Supply Under Control

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.