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 . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China with marking-moving information you must know. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
Already have an account? Sign In