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
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
