Chinese central bank expanded balance sheet in August primarily boosted by its re-lending to financial institutions.
Total assets of the People's Bank of China increased to 36 trillion yuan in August, 240 billion yuan more than a month earlier, according to the data released by the central bank last Friday.
The increase was primarily driven by re-lending to commercial banks. The PBOC's re-lending includes its loans to state-owned banks, joint-stock banks, regional banks . . .
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