The People’s Bank of China has boosted its injection of short-term cash into the banking system to the highest level in two months. Photo: Bloomberg
China injects US$31 billion into financial system to alleviate rising liquidity pressure
- Cash injection sees 200 billion yuan added through seven-day reverse repurchase agreements
- Liquidity conditions in China tend to tighten toward the end of the year, as banks hoard cash to prepare for regulatory checks
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China's economic recovery
The People’s Bank of China has boosted its injection of short-term cash into the banking system to the highest level in two months. Photo: Bloomberg
