Feb 15, 2022 03:19 PM

FINANCE

PBOC Pumps in More Liquidity to Shore Up Economic Growth

People's Liberation Army soldiers stand in front of the People's Bank of China (PBOC) in Beijing, China. Photo: Bloomberg

People's Liberation Army soldiers stand in front of the People's Bank of China (PBOC) in Beijing, China. Photo: Bloomberg

(Bloomberg) — China’s central bank stepped up support for its slowing economy by pumping in cash via policy loans for a second straight month. The benchmark stock index advanced, outperforming regional equities.

The People’s Bank of China injected a net 100 billion yuan ($15.7 billion) into the banking system with its medium-term lending facility, while leaving the borrowing rate unchanged. The CSI 300 rose as much as 0.9%.

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