PBOC pumped liquidity amid market stress after high-profile bond defaults

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China’s central bank pumped liquidity into the financial system, helping to ease some of the concerns that’s gripped the market after a series of bond defaults by high profile state-owned companies.

The People’s Bank of China (PBOC) added 800 billion yuan ($121.5 billion) of one-year funds via medium-term lending facility (MLF) into the interbank market on Monday in its once-a-month operation. That left a net injection of 200 billion yuan after 600 billion yuan was used to roll over MLF loans that matured on Nov. 5 and on . . .

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