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Home / South China Morning Post / China injects US$31 billion into financial system to alleviate rising liquidity pressure

China injects US$31 billion into financial system to alleviate rising liquidity pressure

Summary:
[unable to retrieve full-text content]China has boosted its injection of short-term cash into the banking system to the highest level in two months, as demand for liquidity climbed before year end.The People’s Bank of China (PBOC) added 200 billion yuan (US billion) worth of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due. The move came after an indicator for short-term borrowing costs soared the most in a year on Monday – a sign of liquidity…

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[unable to retrieve full-text content]
China has boosted its injection of short-term cash into the banking system to the highest level in two months, as demand for liquidity climbed before year end.The People’s Bank of China (PBOC) added 200 billion yuan (US$31 billion) worth of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due. The move came after an indicator for short-term borrowing costs soared the most in a year on Monday – a sign of liquidity…

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