Briefing: PBOC Launches New Tool for Pumping Funds Into the Financial System
Listen to the full version
A rundown of the news making headlines in and around China:
Monetary toolkit: China’s central bank launched a new tool Monday for fine-tuning the amount of funds it pumps into the financial system. The outright reverse repo will allow the People’s Bank of China (PBOC) to add funds by temporarily buying treasury, local government and other bonds from primary dealers. The new instrument is expected to fill a gap left by the central bank’s current slate of major liquidity injection tools, giving the PBOC the option to inject funds into the financial system for periods of three or six months.
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- DIGEST HUB
Digest Hub
Back
- China's central bank has introduced the outright reverse repo to enhance liquidity control, accommodating 3 to 6-month fund injections.
- Industrial profits in China fell by 27.1% in September, highlighting challenges in demand amidst economic recovery efforts.
- Alibaba agrees to a $433.5 million settlement for a shareholder lawsuit over alleged misleading statements impacting its stock; court approval is pending.
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新