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

Summary:
[unable to retrieve full-text content]China broke out of its usual pattern of daily liquidity operations by boosting cash injections into the financial system, after the country’s stocks and bonds tanked on regulatory risks.The People’s Bank of China pumped in 30 billion yuan (US.6 billion) of liquidity into the financial system with seven-day reverse repurchase agreements, resulting in a net injection of 20 billion yuan on Thursday.The operation marked the authorities’ first short-term cash addition of more than 10 billion yuan…

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[unable to retrieve full-text content]
China broke out of its usual pattern of daily liquidity operations by boosting cash injections into the financial system, after the country’s stocks and bonds tanked on regulatory risks.The People’s Bank of China pumped in 30 billion yuan (US$4.6 billion) of liquidity into the financial system with seven-day reverse repurchase agreements, resulting in a net injection of 20 billion yuan on Thursday.The operation marked the authorities’ first short-term cash addition of more than 10 billion yuan…

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