A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE
A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE

China injects US$4.6 billion of short-term cash to prop up the market after three-day plunge in stocks and bonds

  • The People’s Bank of China pumped in 30 billion yuan of liquidity into the financial system with seven-day reverse repurchase agreements
  • The operation marked the authorities’ first short-term cash addition of more than 10 billion yuan since June 30

Topic |   China stock market
A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE
A clerk counts banknotes at a bank outlet in Hai'an city of Jiangsu province, on 6 August 2019. Photo: EPA-EFE
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