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PBOC steps up liquidity support for small banks after Baoshang takeover, weak data

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China’s central bank will increase the re-discount quota by 200 billion yuan and the standing lending facility (SLF) quota by 100 billion yuan to maintain ample liquidity for small- and medium-sized banks, according to a statement released by the People’s Bank of China (PBOC) on Friday.

Meanwhile, the central bank will expand the types of collaterals for small banks to apply for liquidity support from the PBOC to include negotiable certificate of deposit (NCDs) and bills . . .

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