Caixin
Jul 19, 2022 05:39 AM
FINANCE

China Adds Liquidity for First Time Since June as Risks Grow

The People’s Bank of China boosted the size of its daily short-term cash operation to 12 billion yuan ($1.8 billion) from 3 billion yuan, resulting in a modest net injection of 9 billion yuan
The People’s Bank of China boosted the size of its daily short-term cash operation to 12 billion yuan ($1.8 billion) from 3 billion yuan, resulting in a modest net injection of 9 billion yuan

(Bloomberg) — China’s central bank injected additional liquidity into the financial system for the first time since June as a growing mortgage-payment boycott and a virus flare-up contribute to a sense of crisis.

The People’s Bank of China (PBOC) boosted the size of its daily short-term cash operation to 12 billion yuan ($1.8 billion) from 3 billion yuan, resulting in a modest net injection of 9 billion yuan, the first overall infusion since June 30.

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