Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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

TRENDING
China’s Robotics Industry Index Rises 6.4%
WeChat Opens AI Agent Ecosystem for Food Orders and Flight Bookings
LATEST
Pentagon Adds Alibaba, Baidu, BYD and Nio to Chinese Military-Linked List
WeChat Opens AI Agent Ecosystem for Food Orders and Flight Bookings
China’s Robotics Industry Index Rises 6.4%
Tencent Cloud Expands AI Agent Push as Yuanbao Races to Catch Rivals
Tencent Opens WeChat to Handset Makers’ AI Assistants
China Launches New Reusable Rocket to Accelerate Satellite Deployment
DJI, Insta360 Lock Horns in Camera Pricing Standoff
Tencent Gains $53 Billion in Value on Reports of WeChat AI Agents
Chinese Chipmaker YMTC Claims 13% of $46 Billion Global NAND Market
China’s Robotics Funding Frenzy Picks Up
In Depth: China Arms Itself With New Legal Tools to Scruntinize Overseas Investment
Zhipu Seeks $2.2 Billion Shanghai Listing to Fuel AI Expansion
In Depth: Huawei’s Bid to Rewrite the Rules of Chip Scaling
Humanoid Robot Maker Unitree Advances Toward $618 Million Shanghai IPO
MiniMax Eyes Shanghai Listing as China AI Firms Chase Capital
China AI Developer Zhipu Hits Record $112 Billion Valuation
Luxshare Gets Lenient Antitrust Fine Over Wingtech Deal
Flying-Car Startup Volant Raises $147 Million Ahead of Potential IPO
ChangXin Clears Key Hurdle for Record STAR Market IPO
Xiaomi Slashes AI Model API Prices by 99% to Match DeepSeek
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