PBOC Boosts Liquidity: Short-Term Cash Injections to Tackle Tightening Squeeze!
On Wednesday, the Chinese central bank increased liquidity support in the face of a cash crunch brought on by the approaching new year holiday by pumping an almost record amount of short-term funds into the banking system. The People’s Bank of China used seven-day reverse repurchase agreements to inject a net 958.4 billion yuan (HK$1018…