Press "Enter" to skip to content

PBOC pumps total 1.14 trillion yuan in four days to avoid cash squeeze

China's central bank injected 380 billion yuan into the country’s financial system through the open market operation - 7-day and 28-day reverse repurchase agreements - on Thursday, to avoid a cash squeeze caused by tax payment and increasing demand for cash ahead of the Chinese lunar new year.

The injection came after the People's Bank of China (PBOC) injected 560 billion yuan one day earlier, the bank's largest net single-day injection on record, and brought the total liquidity injection in four days this week to 1.14 trillion yuan.

The PBOC said the injection was . . .

 

To continue reading, please subscribe.

We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you. 

What you'll get:

  • High-quality & in-depth reporting on the most important topics about China's economy and financial markets
  • Daily Brief newsletter to give you a full picture of what's happening in China every weekday
  • Interviews with China experts
  • Conference calls and events 

We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere! 

 

JOIN FOR FULL ACCESS

Already have an account? Sign In

Top